Levi & Korsinsky Investigates Potential Securities Law Violations at Civitas Resources
New York, NY – March 11, 2025
Investors who purchased or otherwise held shares of Civitas Resources, Inc. (CIVI) between February 1, 2024, and February 24, 2025, are encouraged to contact Levi & Korsinsky, LLP. The law firm is investigating potential securities laws violations by Civitas Resources following the release of its financial results for the fourth quarter and full year 2024.
On February 24, 2025, Civitas Resources announced its financial results, reporting both revenue and non-GAAP EPS that missed consensus estimates. The company attributed the shortfall to lower production volumes and commodity price realizations. However, Levi & Korsinsky is interested in potential misrepresentations or omissions related to these issues that may have influenced investors’ decision-making.
Impact on Individual Investors
If it is determined that Civitas Resources and certain of its executives or directors misrepresented or failed to disclose material information, affected investors may be entitled to compensation through the securities class action process. Investors are encouraged to contact Levi & Korsinsky to discuss their potential eligibility and learn more about the investigation.
Global Implications
The potential securities laws violation at Civitas Resources could have broader implications for the energy sector and the investment community as a whole. If it is found that the company misled investors, it may damage investor confidence in energy companies’ financial reporting and transparency. Furthermore, it could lead to increased scrutiny and regulatory action, potentially influencing the industry’s regulatory environment.
Sources
- Business Wire: Levi & Korsinsky Commences An Investigation Of Civitas Resources, Inc.
- Yahoo Finance: Civitas Resources Reports Fourth Quarter and Full Year 2024 Financial Results
Please note that this is not a complete or exhaustive list of possible sources. Levi & Korsinsky encourages investors to consult multiple sources and conduct their own research.
Conclusion
Levi & Korsinsky’s investigation into Civitas Resources’ financial reporting practices is an important development for investors in the energy sector. The potential securities laws violation could lead to significant consequences for both individual investors and the broader investment community. As the investigation progresses, affected investors are encouraged to contact Levi & Korsinsky to discuss their potential eligibility and learn more about the case.
Stay informed about ongoing investigations and securities law developments by following Levi & Korsinsky on Twitter: @LeviKorsinsky. For more information, please contact Levi & Korsinsky, LLP.
