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

24.63

Mkt cap

2B

Volume

1.3M

High

24.84

P/E Ratio

-495.80

52-wk high

25.95

Low

24.22

Div yield

0.07

52-wk low

19.88

Keybanc analyst Tim Rezvan maintains an Overweight rating on Sitio Royalties (NYSE:STR) but lowers the price target from $29 to $27.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:29 pm

Sitio Royalties (NYSE:STR) reported Q2 2024 earnings per share (EPS) of $0.15, missing the analyst consensus estimate of $0.20 by 25%. However, the company reported quarterly sales of $168.548 million, beating the analyst consensus estimate of $161.800 million by 4.17%. This represents a 23.51% increase over sales of $136.466 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:52 pm

Truist Securities analyst Neal Dingmann maintains a Buy rating on Sitio Royalties (NYSE:STR) but lowers the price target from $33 to $31.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:17 pm

Wall Street's most accurate analysts have provided their ratings on three high-yielding energy stocks: Kimbell Royalty Partners (KRP), Kinetik Holdings (KNTK), and Sitio Royalties (STR). These stocks offer dividend yields over 7% and have received various ratings and price target adjustments from top analysts.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 12:12 pm

Barclays analyst Betty Jiang has maintained an Underweight rating on Sitio Royalties (NYSE:STR) but raised the price target from $26 to $27.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:38 pm

Sitio Royalties (NYSE:STR) reported Q1 2024 GAAP EPS of $0.10, missing the $0.15 estimate, a 64.29% decrease from last year's $0.28. However, sales of $151.391M exceeded the $142.425M estimate, a slight increase from last year's $150.826M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:31 pm

Sitio Royalties (NYSE:STR) has received mixed analyst evaluations over the past three months, with a recent shift towards more bullish sentiments. The average 12-month price target for STR has slightly increased to $28.14. Analysts from Keybanc, Piper Sandler, Barclays, and Truist Securities have updated their ratings and price targets, reflecting changes in market conditions and company performance. Sitio Royalties, a mineral and royalty company, has shown a notable revenue growth rate of 49.43% as of December 31, 2023, but struggles with profitability and efficiency metrics such as net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 9:01 pm

Keybanc analyst Tim Rezvan maintains an Overweight rating on Sitio Royalties (NYSE:STR) and raises the price target from $27 to $29.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:15 pm

Piper Sandler analyst Mark Lear maintains an Overweight rating on Sitio Royalties (NYSE:STR) and raises the price target from $27 to $28.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:47 pm

Barclays analyst Betty Jiang has initiated coverage on Sitio Royalties (NYSE:STR) with an Underweight rating and set a price target of $26.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:45 pm

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