Streetbeat News

STR

Sitio Royalties Corp.

https://www.sitio.com

Industry

Industrial Materials

Sitio Royalties Corp. operates as oil and gas mineral and royalty company. The company acquires oil-weighted rights in productive and the United States basins. It has approximately 140,000 net royalty acres through the consummation of over 180 acquisitions. The company was founded in 2016 and is headquartered in Denver, Colorado.

Open

18.80

Mkt cap

1.5B

Volume

775K

High

19.83

P/E Ratio

40.41

52-wk high

25.95

Low

18.73

Div yield

0.07

52-wk low

18.40

Sitio Royalties reported record total production in Q4 2024, but its oil production slightly declined from Q2 2024 levels. The company expects its oil cut to decrease to 47% in 2025 from 50% in 2024, with solid total production guidance for 2025.

Portfolio Pulse from

March 02, 2025 | 3:00 pm

Sitio Royalties Corp. (NYSE:STR) held its Q4 2024 earnings call on February 27, 2024. Key participants included executives from Sitio Royalties and analysts from various financial institutions.

Portfolio Pulse from

February 27, 2025 | 7:30 pm

Sitio Royalties (STR) reported Q4 earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.13. This is a significant drop from $1.12 per share a year ago.

Portfolio Pulse from

February 27, 2025 | 12:30 am

Sitio Royalties Corp. reported better-than-expected Q3 2024 production and raised its full-year guidance by 1,000 BOEPD due to legacy asset outperformance. The company is projected to generate $2.84 per share in discretionary cash flow in 2025 at near $70 WTI oil.

Portfolio Pulse from

December 13, 2024 | 11:00 pm

Sitio Royalties Corp. (NYSE:STR) held its Q3 2024 earnings conference call on November 7, 2024. Key company participants included Ross Wong, Chris Conoscenti, Carrie Osicka, Jarret Marcoux, and Dax McDavid. The call featured questions from analysts at Truist, Stephens, Barclays, and Tuohy Brothers Investment.

Portfolio Pulse from

November 07, 2024 | 7:45 pm

Analysts have provided mixed ratings on Sitio Royalties (NYSE:STR) over the past three months, with a decrease in the average 12-month price target from $30.00 to $29.17. Despite positive revenue growth, the company faces challenges in profitability, asset utilization, and debt management.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 12:01 pm

Keybanc analyst Tim Rezvan has downgraded Sitio Royalties (NYSE:STR) from Overweight to Sector Weight.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 9:39 am

Piper Sandler analyst Mark Lear maintains an Overweight rating on Sitio Royalties (NYSE:STR) but lowers the price target from $29 to $27.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:47 pm

Analysts have mixed ratings for Sitio Royalties (NYSE:STR), with a recent trend of lowering price targets. The average 12-month price target is now $29.6, down from $30.25. Despite positive revenue growth, Sitio faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 6:00 pm

Truist Securities has maintained a Buy rating on Sitio Royalties but lowered the price target from $31 to $29.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:12 pm

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