In a report released today, Neal Dingmann from Truist Financial maintained a Buy rating on Sitio Royalties (STR – Research Report). The company’s shares closed last Friday at $22.88.
Dingmann covers the Energy sector, focusing on stocks such as APA, Civitas Resources, and Devon Energy. According to TipRanks, Dingmann has an average return of 13.6% and a 70.34% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sitio Royalties with a $28.25 average price target, which is a 23.47% upside from current levels. In a report released on April 22, KeyBanc also maintained a Buy rating on the stock with a $29.00 price target.
STR market cap is currently $3.6B and has a P/E ratio of -113.32.
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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 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
