Sitio Royalties (STR) Valuation Update - May 19

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Sitio Royalties (STR) Valuation Update - May 19

Post by dan_s »

I have updated my forecast/valuation model for STR and posted it to the EPG website.

My valuation stays at $32/share.

Q1 is the first full quarter since the merger with Brigham Minerals. Q1 production of 34,445 Boepd should increase to an exit rate over 36,350 Boepd.
STR has a lot of "Running Room".

STR was trading at the time of this post at $25.59. 2023 dividends should total $2.06 for annualized yield of over 8%.
Dan Steffens
Energy Prospectus Group
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