5 Analysts Assess Sitio Royalties: What You Need To Know
Portfolio Pulse from Benzinga Insights
Five analysts have recently updated their ratings on Sitio Royalties (NYSE:STR), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target is now $28.4, down from $30.75, indicating a 7.64% decrease. Analyst actions include both raises and lowers in ratings and price targets, reflecting dynamic market conditions and company performance. Sitio Royalties, a mineral and royalty company, has shown a revenue growth rate of 49.43% as of December 31, 2023, but struggles with profitability and efficiency metrics.
March 07, 2024 | 1:00 pm
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Sitio Royalties has received mixed analyst ratings with a downward revision in the average price target to $28.4, indicating potential short-term pressure on the stock.
The downward revision in the average price target reflects analysts' concerns about Sitio Royalties' future performance, potentially leading to short-term pressure on the stock. Despite strong revenue growth, the company's struggles with profitability and efficiency could weigh on investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100