#United States #New York #Securities Fraud #Pomerantz Law #Civitas Resources

Overview of the Investigation

The Pomerantz Law Firm has initiated an investigation on behalf of investors in Civitas Resources, Inc. (NYSE: CIVI) following troubling developments within the company. Recent reports indicate that Civitas missed both revenue and earnings expectations for the fourth quarter of 2024, raising concerns among shareholders about the company’s financial health and business practices. In light of these developments, investors are encouraged to connect with the firm as they explore potential claims related to securities fraud.

Financial Performance and Company Shake-Up

On February 24, 2025, Civitas disclosed financial results that fell short of market consensus. The company reported disappointing revenue figures and non-GAAP earnings per share (EPS) that did not meet analysts' expectations. Moreover, Civitas announced a significant workforce reduction, implementing a 10% cut across all divisions and terminating key executives, including the Chief Operating Officer and Chief Transformation Officer, effective immediately. These moves not only signal internal turmoil but have also elicited a strong reaction from investors, reflected in a notable drop in stock price.

The day after these revelations, Civitas's stock plummeted by $8.95 per share, translating to a staggering 18.15% decrease and marking a close at $40.35 per share on February 25, 2025. This decline underscores the potential ramifications of the company’s poor financial performance and raises questions about management's decisions leading up to this crisis.

Focus of the Investigation

The Pomerantz Law Firm is particularly keen to examine whether Civitas and its executives engaged in unlawful business practices or securities fraud. Investors who believe they have suffered losses as a result of these actions are urged to contact Pomerantz LLP to discuss possible participation in a class action lawsuit. The firm, recognized for its expertise in securities and class action litigation, has a storied history of advocating for investors' rights and seeking redress for corporate misconduct.

Founded by renowned attorney Abraham L. Pomerantz, the firm has spent over 85 years in the pursuit of justice for victims of securities fraud. As they embark on this investigation, Pomerantz aims to hold accountable those responsible for any misconduct that may have impacted Civitas's stock performance and investor confidence.

Taking Action

For Civitas investors who are concerned about their investments and the recent fall in stock value, this is a critical moment to consider their options. The Pomerantz Law Firm is actively encouraging affected parties to come forward and share their experiences with the firm. Interested individuals can reach out to Danielle Peyton at Pomerantz LLP through either phone or email to learn more about the ongoing investigation and potential class action proceedings.

Conclusion

The investigation into Civitas Resources Inc. by Pomerantz LLP shines a spotlight on pivotal issues surrounding corporate governance and accountability, particularly in the energy sector. Investors who have faced losses are not only seeking clarity on the events that transpired but also a route to reclaim their investments. As the legal landscape unfolds, it remains to be seen how the allegations will affect Civitas's operations moving forward and the broader implications for the energy industry.

Contacts:

• - Danielle Peyton
• - Pomerantz LLP
• - Email: [email protected]
• - Phone: 646-581-9980 ext. 7980