Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Civitas Resources's share price for the quarter that ended in Mar. 2024 was $75.91. Civitas Resources's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 100 Mil. Therefore, Civitas Resources's market cap for the quarter that ended in Mar. 2024 was $7,598 Mil.
Civitas Resources's quarterly market cap
declined
from Sep. 2023 ($7,583 Mil) to Dec. 2023 ($6,412 Mil) but then
increased
from Dec. 2023 ($6,412 Mil) to Mar. 2024 ($7,598 Mil).
Civitas Resources's annual market cap
increased
from Dec. 2021 ($4,142 Mil) to Dec. 2022 ($4,931 Mil) and
increased
from Dec. 2022 ($4,931 Mil) to Dec. 2023 ($6,412 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Civitas Resources's Enterprise Value for Today is $12,011 Mil.
Civitas Resources Market Cap Historical Data
The historical data trend for Civitas Resources's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Civitas Resources's Market Cap
For the Oil & Gas E&P subindustry, Civitas Resources's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Civitas Resources's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Civitas Resources's Market Cap distribution charts can be found below:
* The bar in red indicates where Civitas Resources's Market Cap falls into.
Civitas Resources Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Civitas Resources's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Civitas Resources (NYSE:CIVI) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Civitas Resources Market Cap Related Terms
Thank you for viewing the detailed overview of Civitas Resources's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Civitas Resources (Civitas Resources) Business Description
Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.
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