Truist Financial analyst Neal Dingmann maintained a Buy rating on Sitio Royalties (STR – Research Report) today. The company’s shares closed last Friday at $23.15.
According to TipRanks, Dingmann is a top 100 analyst with an average return of 13.5% and a 68.53% success rate. Dingmann covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Civitas Resources, and Devon Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sitio Royalties with a $28.00 average price target, representing a 20.95% upside. In a report released on March 1, KeyBanc also reiterated a Buy rating on the stock with a $27.00 price target.
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STR market cap is currently $3.63B and has a P/E ratio of -114.66.
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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.
Read More on STR:
- Sitio Royalties price target lowered to $27 from $29 at KeyBanc
- 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
