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CIVITAS ALERT: Bragar Eagel & Squire, P.C. is Investigating Civitas Resources, Inc. on Behalf of Civitas Stockholders and Encourages Investors to Contact the Firm

1. Civitas under investigation for potential securities law violations. 2. Company reported fourth-quarter results below market expectations. 3. Civitas announced a 10% workforce reduction and executive terminations. 4. Stock price dropped 18.15% following negative news. 5. Law firm is seeking claims from harmed shareholders.

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FAQ

Why Very Bearish?

Civitas’s significant stock price drop and earnings miss indicate serious investor confidence issues, reminiscent of past declines triggered by legal investigations in similar firms.

How important is it?

The investigation, earnings miss, and layoffs raise significant concerns for Civitas’s financial health and governance, likely affecting investor sentiment and stock performance.

Why Short Term?

Immediate selling pressure from investors is expected due to bad news, impacting short-term performance.

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NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Civitas Resources, Inc. (“Civitas” or the “Company”) (NYSE: CIVI) on behalf of Civitas stockholders. Our investigation concerns whether Civitas has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On February 24, 2025, Civitas announced its financial results for the fourth quarter and full year 2024, including both revenue and non-GAAP EPS that missed consensus estimates. Civitas also announced a 10% reduction in its workforce across all levels, as well as the termination of its Chief Operating Officer Hodge Walker and Chief Transformation Officer Jerome Kelly, effective immediately. On this news, Civitas's stock price fell $8.95 per share, or 18.15%, to close at $40.35 per share on February 25, 2025. If you purchased or otherwise acquired Civitas shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form.  There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C.Brandon Walker, Esq.Marion Passmore, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com

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