RBC Capital Slashes PT on Civitas Resources (CIVI) to $36 From $40

Civitas Resources Inc. (NYSE:CIVI) is one of the most oversold energy stocks to buy right now. On July 8, RBC Capital analyst Scott Hanold lowered the firm’s price target on Civitas Resources Inc. (NYSE:CIVI) to $36 from $40 while keeping a Sector Perform rating on the shares.

The analyst told investors in a research note that the firm is revising its model to include revisions on commodity prices, with RBC’s WTI outlook having dropped to $62.25/barrel in 2025 from $64.19 and $52.50/barrel in 2026 from $57.12.

RBC’s Henry Hub outlook decreased to $3.84/Mcf in 2025 from $4.12 Mcf but rose to $4.00/Mcf for 2026 from $3.87/Mcf. These trends point towards expected improvement in balances, primarily because of more moderate associated gas growth and increasing LNG exports.

Civitas Resources Inc. (NYSE:CIVI) is an independent exploration and production company that acquires, develops, and produces crude oil and associated liquids-rich natural gas. Its operations take place primarily in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico.

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Disclosure: None. This article is originally published at Insider Monkey.