Sitio Royalties Corp (NYSE: STR) is -13.56% lower on its value in year-to-date trading and has touched a low of $14.58 and a high of $25.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The STR stock was last observed hovering at around $15.55 in the last trading session, with the day’s gains setting it 1.03%.
Currently trading at $16.58, the stock is -8.87% and -13.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 6.62% at the moment leaves the stock -22.78% off its SMA200. STR registered -31.54% loss for a year compared to 6-month loss of -29.54%. The firm has a 50-day simple moving average (SMA 50) of $19.1098 and a 200-day simple moving average (SMA200) of $21.47065.
The stock witnessed a -17.31% gain in the last 1 month and extending the period to 3 months gives it a -24.64%, and is -0.78% down 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 6.00% over the week and 5.29% over the month.
Sitio Royalties Corp (STR) has around 72 employees, a market worth around $2.51B and $624.40M in sales. Current P/E ratio is 33.84 and Fwd P/E is 29.35. Profit margin for the company is 6.60%. Distance from 52-week low is 13.72% and -35.34% from its 52-week high. The company has generated returns on investments over the last 12 months (7.10%).
The EPS is expected to grow by 340.20% this year
313.0 institutions hold shares in Sitio Royalties Corp (STR), with institutional investors hold 95.83% of the company’s shares. The shares outstanding are 151.37M, and float is at 77.12M with Short Float at 3.75%. Institutions hold 94.76% of the Float.
The top institutional shareholder in the company is KIMMERIDGE ENERGY MANAGEMENT COMPANY, LLC with over 36.5 million shares valued at $861.66 million. The investor’s holdings represent 45.1951 of the STR Shares outstanding. As of 2024-06-30, the second largest holder is OAKTREE CAPITAL MANAGEMENT LP with 12.94 million shares valued at $305.4 million to account for 16.0185 of the shares outstanding. The other top investors are FMR LLC which holds 12.09 million shares representing 14.975 and valued at over $285.5 million, while NEUBERGER BERMAN GROUP LLC holds 7.9008 of the shares totaling 6.38 million with a market value of $150.63 million.
