Civitas Resources Inc traded at $27.38 this Thursday January 29th, decreasing $0.38 or 1.37 percent since the previous trading session. Looking back, over the last four weeks, Civitas Resources lost 0.48 percent. Over the last 12 months, its price fell by 46.92 percent. Looking ahead, we forecast Civitas Resources Inc to be priced at 26.54 by the end of this quarter and at 24.16 in one year, according to Trading Economics global macro models projections and analysts expectations.
Bonanza Creek Energy, Inc. (Bonanza Creek) is an exploration and production company. The Company is focused on the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company's oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado. Its development and extraction activities are primarily directed at the horizontal development of the Niobrara and Codell formations in the Denver-Julesburg (DJ) Basin. The main areas in which the Company operates is the Rocky Mountain region in Weld County, Colorado. Its Wattenberg Field operations are in the oil and liquids-weighted extension area of the Wattenberg. The Company's Wattenberg position consists of approximately 87,000 gross (65,000 net) acres. It has a total of approximately 758 gross producing wells, of which over 575 are horizontal wells, and its sales volumes are over 25,029 barrels of oil per day.