Added to YB: 2024-07-30
Pitch date: 2024-07-28
CIVI [bullish]
Civitas Resources, Inc.
-56.28%
current return
Author Info
Stock Pitckers Journey is the retired Director and COO of the Prudent Bear Funds. Sign up for the newsletter.
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
$63.92
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
Stock Picker's Journey: Civitas Resources, Inc. - $CIVI
CIVI: $71, potential 'next Pioneer'. Strong capital allocation, sold surplus assets above valuation. CO drilling concerns, but regulatory peace till 2027. Successful Permian entry. Don Smith & Co. (value investor) owns large stake. Victory Sycamore increased position. Issues exist, but promising outlook.
Read full article (1 min)