Civitas Resources Completes $750 Million Senior Notes Offering

Civitas Resources ( (CIVI) ) has shared an update.

On June 3, 2025, Civitas Resources, Inc. completed its offering of $750 million in 9.625% Senior Notes due 2033. The proceeds are intended to repay part of the company’s credit facility borrowings. The notes, guaranteed by the company’s subsidiaries, include provisions for optional redemption and change of control, and are subject to covenants and events of default. This strategic financial move aims to enhance Civitas Resources’ financial flexibility and strengthen its market position.

The most recent analyst rating on (CIVI) stock is a Hold with a $42.00 price target. To see the full list of analyst forecasts on Civitas Resources stock, see the CIVI Stock Forecast page.

Spark’s Take on CIVI Stock

According to Spark, TipRanks’ AI Analyst, CIVI is a Outperform.

Civitas Resources’ overall score is primarily driven by its strong financial performance and attractive valuation. However, technical indicators suggest caution due to bearish trends, and while recent corporate events are positive, operational challenges from the earnings call impact the outlook.

To see Spark’s full report on CIVI stock, click here.

More about Civitas Resources

Average Trading Volume: 2,298,652

Technical Sentiment Signal: Sell

Current Market Cap: $2.56B

For detailed information about CIVI stock, go to TipRanks’ Stock Analysis page.