Professional
Added to YB: 2024-09-05
Pitch date: 2024-06-30
CIVI [bullish]
Civitas Resources, Inc.
-54.29%
current return
Author Info
No bio for this author
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Company Info
Civitas Resources, Inc., an exploration and production company, focuses on the acquisition, development, and production of crude oil and associated liquids-rich natural gas.
Market Cap
$2.3B
Pitch Price
$64.17
Price Target
N/A
Dividend
20.47%
EV/EBITDA
1.78
P/E
2.87
EV/Sales
1.30
Sector
Oil, Gas and Consumable Fuels
Category
value
Show full summary:
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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