A share price of Sitio Royalties Corp [STR] is currently trading at $21.27, up 4.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The STR shares have gain 7.32% over the last week, with a monthly amount drifted -2.30%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Sitio Royalties Corp [NYSE: STR] stock has seen the most recent analyst activity on October 16, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, Stephens started tracking the stock with Overweight rating on September 04, 2024, and set its price target to $32. On April 10, 2024, Barclays initiated with a Underweight rating and assigned a price target of $26 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $29 on January 30, 2024. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $36 as its price target on December 16, 2022.
Sitio Royalties Corp experienced fluctuations in its stock price throughout the past year between $18.40 and $25.95. Currently, Wall Street analysts expect the stock to reach $28.75 within the next 12 months. Sitio Royalties Corp [NYSE: STR] shares were valued at $21.27 at the most recent close of the market. An investor can expect a potential return of 35.17% based on the average STR price forecast.
Analyzing the STR fundamentals
Trailing Twelve Months sales for Sitio Royalties Corp [NYSE:STR] were 618.70M which represents -4.70% decline. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.89 points at the first support level, and at 20.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.48, and for the 2nd resistance point, it is at 21.70.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Sitio Royalties Corp [NYSE:STR] is 2.50. On the other hand, the Quick Ratio is 2.20, and the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 5.26, the price to book ratio is 1.14.
