CIVI closed today at $70.83
I have updated my forecast/valuation model. My valuation stays at $114/share, which is just 3.5 X annualized operating cash flow per share.
TipRanks: "In the last 3 months, 11 ranked analysts set 12-month price targets for CIVI. The average price target among the analysts is $96.18. The 11 price targets at $90 to $114." < All 11 analysts rate CIVI a BUY.
CIVI is in our High Yield Income Portfolio because this year's dividend yield s/b over 9%. It pays Base + Variable dividends that should be ~$6.48 in 2024 based on my forecast.
My updated forecast has been posted to the EPG website.
Civitas Resources (CIVI) Valuation Update - July 26
Civitas Resources (CIVI) Valuation Update - July 26
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Civitas Resources (CIVI) Valuation Update - July 26
Hi Dan,
I can not find the Civitas update.
Regards,
Klaus
I can not find the Civitas update.
Regards,
Klaus
Re: Civitas Resources (CIVI) Valuation Update - July 26
I will update my forecast for Q2 results tomorrow.
CIVI is under the High Yield tab.
CIVI is under the High Yield tab.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group