In a report released today, Betty Jiang from Barclays maintained a Sell rating on Sitio Royalties (STR – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $24.11.
According to TipRanks, Jiang is an analyst with an average return of -2.3% and a 38.79% success rate. Jiang covers the Energy sector, focusing on stocks such as APA, Coterra Energy, and Conocophillips.
Sitio Royalties has an analyst consensus of Moderate Buy, with a price target consensus of $29.00.
STR market cap is currently $3.79B and has a P/E ratio of -119.42.
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:
- Sitio Royalties price target raised to $29 from $27 at KeyBanc
- Sitio Royalties price target raised to $28 from $27 at Piper Sandler
- Barclays starts U.S. Integrated Oil & E&P sector with Positive view
- Sitio Royalties initiated with an Underweight at Barclays
- Sitio Royalties price target raised to $32 from $29 at Truist
