A Closer Look at 4 Analyst Recommendations For Sitio Royalties
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings and price targets for Sitio Royalties (NYSE:STR), with 4 analysts offering a range of bullish to somewhat bullish opinions. The average 12-month price target is now $28.75, down from the previous $32.33, indicating a potential decrease in stock value. Analysts from Truist Securities, Piper Sandler, Stifel, and Keybanc have adjusted their price targets and ratings, reflecting their current views on the company's performance and market conditions. Sitio Royalties, a mineral and royalty company, has shown a revenue growth rate of 35.68% as of September 30, 2023, but has below-average net margin and ROE, indicating profitability challenges.
January 30, 2024 | 5:00 pm
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Sitio Royalties has received updated analyst ratings and price targets, with a lower average 12-month price target suggesting a potential decrease in stock value. Despite strong revenue growth, the company faces profitability challenges with below-average net margin and ROE.
The reduction in the average price target by analysts indicates a bearish outlook on the stock's future price performance. The strong revenue growth is a positive sign, but the concerns about profitability, as indicated by the below-average net margin and ROE, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100