Professional
Added to YB: 2024-09-05
Pitch date: 2024-06-30
CIVI [bullish]
Civitas Resources, Inc.
-56.59%
current return
Author Info
No bio for this author
Company Info
Civitas Resources, Inc. operates as an oil and natural gas exploration and production company focused on acquiring, developing, and producing crude oil and liquids-rich natural gas assets in major United States basins.
Market Cap
$2.3B
Pitch Price
$63.07
Price Target
N/A
Dividend
7.30%
EV/EBITDA
2.12
P/E
3.99
EV/Sales
1.57
Sector
Oil, Gas and Consumable Fuels
Category
value
Diamond Hill Mid Cap Fund New Position: Civitas Resources, Inc.
CIVI: DJ Basin oil/gas producer expanding to Permian via acquisitions. Low-cost drilling inventory, responsible management. Added in Q2 due to undervalued assets and cash-generation potential. Market underappreciates diversification and growth prospects.
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