UBS Maintains Neutral Rating on Civitas Resources (CIVI) Following Operational Improvements

Civitas Resources, Inc. (NYSE:CIVI) ranks among the 9 hot energy stocks to buy. On November 19 UBS reiterated its Neutral rating and $27 price target on Civitas Resources, Inc. (NYSE:CIVI) following the company’s third-quarter 2025 earnings report. The company recorded a 6% increase in overall output during the quarter, averaging about 336,000 barrels of oil equivalent per day (mboepd). Additionally, oil volumes increased to 158 thousand barrels per day. The company achieved these production boosts while lowering cash operating costs by 5% to $9.67 per barrel of oil equivalent.

Civitas Resources, Inc. (NYSE:CIVI) also posted solid bottom-line earnings in the third quarter, with adjusted earnings per share of $1.93, well above the consensus forecast of $1.34. However, its revenue came in at $1.17 billion, slightly lower than analyst expectations of $1.20 billion.

UBS stated that Civitas Resources, Inc. (NYSE:CIVI) displayed “continued operational improvements” during the quarter, which it expects would help the pro-forma company moving forward.

Civitas Resources, Inc. (NYSE:CIVI) is an independent oil and gas company that focuses on the acquisition, development, and production of crude oil and liquids-rich natural gas from assets in the Permian and DJ Basins.

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