Sitio Royalties Corp. (STR)

NYSE: STR · Real-Time Price · USD
18.75
-0.12 (-0.64%)
Dec 20, 2024, 4:00 PM EST - Market closed
-0.64%
Market Cap 2.87B
Revenue (ttm) 618.67M
Net Income (ttm) -4.80M
Shares Out 152.92M
EPS (ttm) -0.06
PE Ratio n/a
Forward PE 38.95
Dividend $1.50 (8.00%)
Ex-Dividend Date Nov 19, 2024
Volume 1,099,561
Open 18.58
Previous Close 18.87
Day's Range 18.58 - 19.08
52-Week Range 18.58 - 25.95
Beta 1.31
Analysts Buy
Price Target 29.40 (+56.8%)
Earnings Date Nov 6, 2024

About STR

Sitio Royalties Corp. acquires, owns, and manages mineral and royalty interests across premium basins in the United States. The company’s portfolio comprising of mineral and royalty interests in the Permian basin located in West Texas and southeastern New Mexico; the Eagle Ford basin located in South Texas; the DJ basin located in Colorado and Wyoming; and the Williston basin located in North Dakota. The company was founded in 2016 and is headquartered in Denver, Colorado. [Read more]

Sector Energy
Founded 2016
Employees 62
Stock Exchange NYSE
Ticker Symbol STR
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for STR stock is "Buy." The 12-month stock price forecast is $29.4, which is an increase of 56.80% from the latest price.

Price Target
$29.4
(56.80% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sitio Royalties: Improved Future Production Outlook

Sitio Royalties Corp.'s Q3 2024 production exceeded expectation, and it increased its full-year guidance by 1,000 BOEPD. This was mainly attributable to legacy asset outperformance. Sitio is projected...

7 days ago - Seeking Alpha

Sitio Royalties Corp. (STR) Q3 2024 Earnings Call Transcript

Sitio Royalties Corp. (NYSE:STR) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Ross Wong - Vice President of Finance and Investor Relations Chris Conoscenti - Chie...

6 weeks ago - Seeking Alpha

Sitio Royalties Reports Third Quarter 2024 Operational and Financial Results

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”, “STR” or the “Company”) today announced third quarter 2024 operational and financial results. Robust production, coupled with stron...

6 weeks ago - Business Wire

Sitio Royalties: Second Half Production May Decline From Strong First Half Levels

Sitio Royalties saw approximately 7% production growth from Q4 2023 to Q2 2024, proforma for various acquisitions and divestitures. It increased its full-year guidance modestly. Sitio's full-year guid...

2 months ago - Seeking Alpha

Sitio Royalties Schedules Third Quarter 2024 Earnings Call

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”) today announced that it will report operating and financial results for the third quarter of 2024 on Wednesday, November 6, 2024, a...

2 months ago - Business Wire

Sitio Royalties Corp. (STR) Q2 2024 Earnings Call Transcript

Sitio Royalties Corp. (NYSE:STR) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Ross Wong - Vice President of Finance and Investor Relations Chris Conoscenti - Chief ...

4 months ago - Seeking Alpha

Sitio Royalties Reports Second Quarter 2024 Operational and Financial Results

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”, “STR” or the “Company”) today announced operational and financial results for the quarter ended June 30, 2024. Unless the context c...

4 months ago - Business Wire

Sitio Royalties Schedules Second Quarter 2024 Earnings Call

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”) today announced that it will report operating and financial results for the second quarter of 2024 on Wednesday, August 7, 2024, af...

6 months ago - Business Wire

Sitio Royalties Reports First Quarter 2024 Operational and Financial Results

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”, “STR” or the “Company”) today announced operational and financial results for the quarter ended March 31, 2024. Unless the context ...

8 months ago - Business Wire

Sitio Royalties: DJ Basin Acquisition Boosts FCF, But May Delay An Increased Payout Ratio

Sitio made a $150 million cash DJ Basin acquisition at a 4.0x multiple to asset level cash flow. The low purchase price multiple appears to be due to a high base decline rate and limited inventory. Si...

8 months ago - Seeking Alpha

Sitio Royalties Schedules First Quarter 2024 Earnings Call

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”) today announced that it will report operating and financial results for the first quarter of 2024 on Wednesday, May 8, 2024, after ...

9 months ago - Business Wire

Sitio Royalties Corp. (STR) Q4 2023 Earnings Call Transcript

Sitio Royalties Corp. (STR) Q4 2023 Earnings Call Transcript

10 months ago - Seeking Alpha

Sitio Royalties Reports Fourth Quarter and Full Year 2023 Operational and Financial Results, Recent Developments, and Provides Full Year 2024 Guidance

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”, “STR” or the “Company”) today announced operational and financial results for the quarter and year ended December 31, 2023. Unless ...

10 months ago - Business Wire

Upgrading Sitio Royalties To A Buy Following A 20% Decline In Share Price

Sitio Royalties has taken steps to reduce debt and increase cash flows, including refinancing high-interest senior notes and selling off assets in the Appalachia and Anadarko Basins. These actions wil...

11 months ago - Seeking Alpha

Sitio Royalties: Increased Payout Ratio Gets Closer After Recent Divestiture

Sitio sold its Appalachia and Anadarko Basin assets for $117.5 million in cash before adjustments. I estimate that these assets would have generated $12 million in 2024 free cash flow, while Sitio sav...

11 months ago - Seeking Alpha

Sitio Royalties Schedules Fourth Quarter 2023 Earnings Call

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”) today announced that it will report operating and financial results for the fourth quarter of 2023 on Wednesday, February 28, 2024,...

11 months ago - Business Wire

Sitio Royalties Corp. (STR) Q3 2023 Earnings Call Transcript

Sitio Royalties Corp. (NYSE:STR) Q3 2023 Earnings Call Transcript November 9, 2023 8:30 AM ET Company Participants Ross Wong - VP, Finance and IR Chris Conoscenti - CEO Conference Call Participants D...

1 year ago - Seeking Alpha

Sitio Royalties Reports Third Quarter 2023 Operational and Financial Results

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio,” “STR” or the “Company”) today announced operational and financial results for the quarter ended September 30, 2023. Unless the cont...

1 year ago - Business Wire

Sitio Royalties: New Notes Reduce Interest Costs By Around $15 Million Per Year

Sitio's new 7.875% unsecured notes due November 2028 have a lower interest rate than its other debt. Sitio's variable interest rate notes due September 2026 have an effective interest rate of over 11%...

1 year ago - Seeking Alpha

Sitio Royalties Schedules Third Quarter 2023 Earnings Call

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”) today announced that it will report operating and financial results for the third quarter of 2023 on Wednesday, November 8, 2023, a...

1 year ago - Business Wire

Sitio Royalties Prices Upsized $600 Million Offering of Senior Notes

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced the pricing of $600 million in aggregate principal amount of senior unsecured notes due 2028 (the ...

1 year ago - Business Wire

Sitio Royalties Announces $500 Million Offering of Senior Notes

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced that its subsidiaries, Sitio Royalties Operating Partnership, LP (the “Partnership”) and Sitio Fin...

1 year ago - Business Wire

Sitio Royalties Corp. (STR) Q2 2023 Earnings Call Transcript

Sitio Royalties Corp. (NYSE:STR) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Ross Wong - VP, Finance and IR Chris Conoscenti - CEO Carrie Osicka - Chief Financial ...

1 year ago - Seeking Alpha

Sitio Royalties Reports Second Quarter 2023 Operational and Financial Results

DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio”, "STR" or the “Company”) today announced operational and financial results for the quarter ended June 30, 2023. Unless the context c...

1 year ago - Business Wire

Energy Income Weekly: The Week's Price Action Bodes Well For The Second Half

Energy shares traded aimlessly on low volume until indicators pointed to a tightening oil market late in the week. Friday saw dramatic outperformance in response to improving oil market fundamentals d...

Other symbols: CVEENBGELOIHPAAPBARIG
1 year ago - Seeking Alpha