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Civitas Declines 7% in Six Months: Should You Hold or Sell Now?

Key Takeaways Civitas' shares fell 7% in six months, lagging the Oil-Energy sector and U.S. E&P peers.Q2 EPS of 0.99missedestimatesanddroppedfrom0.99 missed estimates and dropped from 2.06, with revenues down nearly 20% year over year.High leverage, uneven forecasts and cost pressures add to CIVI's operational and market risks.Civitas Resources, Inc. (CIVI) , a Denver-based oil and gas exploration and production company, has seen its stock decline approximately 7%, underperforming both the broader Oil-Energy sector (3.2% up) and the U.S. ...