Sitio Royalties Corp. (NYSE: STR) is 1.87% higher on its value in year-to-date trading and has touched a low of $19.31 and a high of $27.61 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The STR stock was last observed hovering at around $23.75 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $23.95, the stock is 6.53% and 8.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.84% at the moment leaves the stock -0.56% off its SMA200. STR registered 8.52% gain for a year compared to 6-month loss of -9.93%. The firm has a 50-day simple moving average (SMA 50) of $4.78 and a 200-day simple moving average (SMA200) of $8.76.
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The stock witnessed a 10.62% gain in the last 1 month and extending the period to 3 months gives it a 12.23%, and is 2.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.77% over the week and 2.41% over the month.
Sitio Royalties Corp. (STR) has around 62 employees, a market worth around $3.77B and $593.40M in sales. Fwd P/E is 31.93. Profit margin for the company is -2.80%. Distance from 52-week low is 24.03% and -13.26% from its 52-week high. The company has generated returns on investments over the last 12 months (1.10%).
Sitio Royalties Corp. quarterly earnings per share for the current quarter are estimated at $0.14 with sales reaching $141.83M over the same period.The EPS is expected to shrink by -118.50% this year, but quarterly earnings will post 3.30% year-over-year. Quarterly sales are estimated to shrink -6.00% in year-over-year returns.
260 institutions hold shares in Sitio Royalties Corp. (STR), with institutional investors hold 135.72% of the company’s shares. The shares outstanding are 82.12M, and float is at 78.91M with Short Float at 8.22%. Institutions hold 133.73% of the Float.
The top institutional shareholder in the company is Kimmeridge Energy Management Company, LLC with over 36.5 million shares valued at $958.74 million. The investor’s holdings represent 44.69% of the STR Shares outstanding. As of Jun 29, 2023, the second largest holder is Oaktree Capital Management Lp with 12.94 million shares valued at $339.81 million to account for 15.84% of the shares outstanding. The other top investors are FMR, LLC which holds 9.64 million shares representing 11.81% and valued at over $253.3 million, while Vanguard Group Inc holds 9.85% of the shares totaling 8.04 million with a market value of $211.26 million.
Sitio Royalties Corp. (STR) Insider Activity
The most recent transaction is an insider purchase by Conoscenti Christopher L., the company’s Chief Executive Officer. SEC filings show that Conoscenti Christopher L. bought 2,500 shares of the company’s common stock on Mar 17 ’23 at a price of $20.19 per share for a total of $50475.0. Following the purchase, the insider now owns 0.17 million shares.
