STR Sitio Royalties

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SergioSays
Posts: 99
Joined: Mon Jul 12, 2021 8:59 am

STR Sitio Royalties

Post by SergioSays »

up 8% this morning on big volume out of the gate. Looking for a news catalyst but not seeing anything...
dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

Re: STR Sitio Royalties

Post by dan_s »

Everything in the green this morning as oil & gas prices move higher.

This is the most recent analyst's report

In a report released on August 15, T J Schultz from RBC Capital maintained a Buy rating on Sitio Royalties (STR – Research Report), with a price target of $43.00. The company’s shares closed yesterday at $28.77.

According to TipRanks, J Schultz is a top 25 analyst with an average return of 18.8% and a 69.84% success rate. J Schultz covers the Industrial Goods sector, focusing on stocks such as Archrock, Enterprise Products Partners, and Williams Co.

Currently, the analyst consensus on Sitio Royalties is a Strong Buy with an average price target of $36.25, representing a 26.00% upside. In a report released on August 2, Piper Sandler also maintained a Buy rating on the stock with a $32.00 price target.

I just updated the STR forecast/valuation model and posted it to the EPG website.
Dan Steffens
Energy Prospectus Group
SergioSays
Posts: 99
Joined: Mon Jul 12, 2021 8:59 am

Re: STR Sitio Royalties

Post by SergioSays »

thanks Dan!
grimaldi
Posts: 80
Joined: Sat Apr 20, 2013 8:27 pm

Re: STR Sitio Royalties

Post by grimaldi »

After initially being wary of the Falcon merger, I'm quite pleased with the gain,
and the yield.
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