Piper Sandler analyst Mark Lear maintained a Buy rating on Sitio Royalties (STR – Research Report) today and set a price target of $26.00. The company’s shares closed yesterday at $22.00.
Lear covers the Energy sector, focusing on stocks such as Vital Energy, APA, and Coterra Energy. According to TipRanks, Lear has an average return of 0.7% and a 42.77% success rate on recommended stocks.
Currently, the analyst consensus on Sitio Royalties is a Strong Buy with an average price target of $28.67, representing a 30.32% upside. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $31.00 price target.
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Based on Sitio Royalties’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $156.71 million and a net profit of $287 thousand. In comparison, last year the company earned a revenue of $115.5 million and had a net profit of $9.14 million
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Sitio Royalties (STR) Company Description:
Sitio Royalties owns and manages high-quality mineral and royalty interests in key basins across the United States. The company leases its mineral holdings to exploration and production (E&P) entities in the oil and gas sector, granting them the rights to explore and extract oil, natural gas, and natural gas liquids from its properties. In exchange, Sitio receives a portion of the proceeds generated from the sales of these commodities.
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