Civitas Resources Stock News

DENVER--(BUSINESS WIRE)--Civitas updates conference call/webcast timing.

DENVER--(BUSINESS WIRE)--Civitas Announces Date for Its 4Q24 Earnings Call and 2025 Outlook.

Oil and gas producer Civitas Resources is exploring a sale of part or all of its assets in the Denver-Julesburg Basin (DJ Basin) in Colorado, which could be valued at more than $4 billion, Bloomberg News reported on Wednesday.

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Bargain Civitas Resources Is Speculatively Interesting

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Civitas Resources, operating in the DJ and Permian Basins, offers a strong base dividend of 4.2% and potential price tailwinds from share repurchases. Despite a 33.92% YTD decline, Civitas has robust free cash flow and resolved regulatory uncertainties in Colorado until 2028. On a YTD basis, the production profile is 2/3 oil and 1/3 natural gas, though Civitas can shift production to more gas i...