Barclays analyst Betty Jiang maintained a Sell rating on Sitio Royalties (STR – Research Report) today and set a price target of $27.00. The company’s shares closed yesterday at $23.11.
According to TipRanks, Jiang is an analyst with an average return of -2.4% and a 38.98% success rate. Jiang covers the Energy sector, focusing on stocks such as APA, Conocophillips, and Ovintiv.
Currently, the analyst consensus on Sitio Royalties is a Moderate Buy with an average price target of $28.25.
STR market cap is currently $3.64B and has a P/E ratio of -118.94.
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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
