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Civitas Resources, Inc., an exploration and production company, focuses on the acquisition, development, and production of crude oil and associated liquids-rich natural gas. Its assets include DJ Basin assets comprising of approximately 356,800 net acres located in Weld, Arapahoe, Adams, and Boulder counties, Colorado; and Permian Basin assets comprising of 120,400 net acres located in Upton, Reagan, Glasscock, Martin, Midland, Reeves, and Loving counties, Texas, and Eddy and Lea counties, New Mexico. The company was formerly known as Bonanza Creek Energy, Inc. Civitas Resources, Inc. was incorporated in 2010 and is based in Denver, Colorado.
Financial Resilience | Civitas Resources boasts a high 27% free cash flow yield and trades below fair value, indicating potential upside despite recent market challenges |
Operational Hurdles | Explore Civitas' production decline forecasts and the need for additional scale in the Permian Basin to achieve meaningful re-rating |
Strategic Maneuvers | Delve into Civitas' $300 million asset sale target in the DJ Basin and its focus on share buybacks to balance debt reduction with shareholder returns |
Market Outlook | Analysts project stable EV/EBITDA ratios and improving P/E ratios, with price targets ranging from $42 to $84, reflecting varied perspectives on Civitas' future |
Metrics to compare | CIVI | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipCIVIPeersSector | |
---|---|---|---|---|
P/E Ratio | 3.1x | 12.0x | 4.8x | |
PEG Ratio | 0.56 | −0.25 | 0.00 | |
Price/Book | 0.4x | 1.0x | 1.1x | |
Price / LTM Sales | 0.5x | 1.1x | 1.1x | |
Upside (Analyst Target) | 53.1% | 37.0% | 27.0% | |
Fair Value Upside | Unlock | 25.2% | 11.2% | Unlock |