KeyBanc analyst Tim Rezvan reiterated a Buy rating on Sitio Royalties (STR – Research Report) today. The company’s shares closed yesterday at $22.82.
Rezvan covers the Energy sector, focusing on stocks such as Vital Energy, Civitas Resources, and EOG Resources. According to TipRanks, Rezvan has an average return of -9.1% and a 42.22% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sitio Royalties with a $26.32 average price target, a 15.34% upside from current levels. In a report released yesterday, Truist Financial also assigned a Buy rating to the stock with a $21.97 price target.
See the top stocks recommended by analysts >>
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
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on STR:
- STR Upcoming Earnings Report: What to Expect?
- Jefferies global lodging analysts to hold analyst/industry conference call
- Sitio Royalties initiated with a Buy at Truist
- Sitio Royalties price target lowered to $26 from $31 at Piper Sandler
- Sitio Royalties price target lowered to $29 from $33 at KeyBanc
