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 (NYSE:STR) has received mixed analyst ratings over the past three months, with a current average price target of $29.75. Analysts have varied in their outlooks, with some raising and others lowering their price targets. Despite positive revenue growth, Sitio Royalties faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 6:00 pm

Stephens & Co. has initiated coverage on Sitio Royalties (NYSE:STR) with an Overweight rating and set a price target of $32.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:07 pm

Oil prices surged due to Middle East tensions and Libya's potential production halt, impacting energy stocks. WTI crude rose over 3%, marking a strong rally. Energy stocks like ConocoPhillips and ETFs such as XLE, OIH, and XOP saw gains.

Portfolio Pulse from Piero Cingari

August 26, 2024 | 1:49 pm

Piper Sandler analyst Mark Lear maintains an Overweight rating on Sitio Royalties (NYSE:STR) and raises the price target from $28 to $29.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:40 am

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

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