Sitio Royalties (NYSE: STR) has been closely watched by analysts in recent months, with a mix of opinions being shared. Here is a recap of the latest analyst insights and price targets:
– Analyst Ratings:
– Total Ratings: 2 Bullish, 3 Somewhat Bullish, 0 Indifferent, 0 Somewhat Bearish, 0 Bearish.
– Last 30 Days: No changes in ratings.
– 1 Month Ago: No changes in ratings.
– 2 Months Ago: 2 Bullish, 2 Somewhat Bullish, 0 Indifferent, 0 Somewhat Bearish, 0 Bearish.
– Price Targets:
– Average Target: $28.4
– High Estimate: $31.00
– Low Estimate: $26.00
– Current Average Target indicates a 7.64% decrease from the previous average of $30.75.
– Key Analyst Actions:
– Mark Lear from Piper Sandler upgraded the rating to Overweight with a price target of $27.00.
– Neal Dingmann at Truist Securities initiated a Buy rating with a price target of $29.00.
– Mark Lear from Piper Sandler downgraded the rating to Overweight with a price target of $26.00.
– Derrick Whitfield at Stifel downgraded the Buy rating with a price target of $31.00.
– Tim Rezvan from Keybanc downgraded the rating to Overweight with a price target of $29.00.
Analysts have differing views on Sitio Royalties, ranging from bullish to somewhat bullish. Recent changes in ratings and price targets are responses to market dynamics and company performance, showcasing the varying perspectives within the analyst community.
STR Stock Shows Positive Momentum with 0.95% Increase on March 7, 2024
On March 7, 2024, STR stock showed some positive momentum as it closed the day with a 0.95% increase in its share price. The stock closed at $23.38, marking a $0.22 increase from the previous market close. Despite this uptick, STR is currently trading in the middle of its 52-week range and below its 200-day simple moving average. Investors may be keeping a close eye on STR to see if this positive price momentum can be sustained in the coming days. Overall, the positive price momentum seen on March 7 is a promising sign for STR stock.
STR Stock Performance Analysis: Revenue Up, Net Income Down as of March 7, 2024
On March 7, 2024, STR stock saw mixed performances based on the latest financial data released by the company. According to CNN Money, the total revenue for the company was reported at $593.36 million for the past year, with a significant increase of 60.53% compared to the previous year. However, the total revenue remained flat at $149.35 million for the last quarter.
In terms of net income, STR reported a net loss of $16.59 million for the past year, which represented a decrease of 205.63% compared to the previous year. On the other hand, the net loss for the last quarter was reported at $37.75 million, showing a 0.0% increase compared to the previous quarter.
Earnings per share (EPS) for STR stock were reported at -$0.20 for the past year, which represented a decrease of 118.52% compared to the previous year. The EPS for the last quarter was reported at -$0.47, showing a 0.0% increase compared to the previous quarter.
Overall, the financial performance of STR stock on March 7, 2024, showed a mixed picture. While the total revenue saw a significant increase compared to the previous year, the net income and EPS showed a decrease compared to the previous year. However, it is worth noting that the net income remained flat and the EPS increased slightly compared to the previous quarter.
