Piper Sandler Lowers PT on Civitas Resources (CIVI) to $52 From $54, Keeps an Overweight Rating

Civitas Resources Inc. (NYSE:CIVI) is one of the best high growth low PE stocks to invest in now. On August 21, Piper Sandler lowered the firm’s price target on Civitas Resources Inc. (NYSE:CIVI) to $52 from $54, keeping an Overweight rating on the shares.

The firm told investors in a research note that it adjusted its model after a follow-up with Civitas Resources Inc. (NYSE:CIVI). It added that expectations for oil volumes are at the midpoint of FY25 guidance and total volumes are toward the low end.

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.

While we acknowledge the potential of CIVI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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