In a report released today, Mark Lear from Piper Sandler maintained a Buy rating on Sitio Royalties (STR – Research Report), with a price target of $27.00. The company’s shares closed yesterday at $23.38.
Lear covers the Energy sector, focusing on stocks such as Diamondback, Magnolia Oil & Gas, and APA. According to TipRanks, Lear has an average return of 5.0% and a 54.87% success rate on recommended stocks.
Currently, the analyst consensus on Sitio Royalties is a Strong Buy with an average price target of $28.33.
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The company has a one-year high of $26.57 and a one-year low of $18.09. Currently, Sitio Royalties has an average volume of 490.5K.
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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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