Sitio Royalties Corp. operates as oil and gas mineral and royalty company. The company acquires oil-weighted rights in productive and the United States basins. It has approximately 140,000 net royalty acres through the consummation of over 180 acquisitions. The company was founded in 2016 and is headquartered in Denver, Colorado.
IPO Year: 2022
Exchange: NYSE
Website: https://www.sitio.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 9/4/2024 | $32.00 | Overweight | Stephens |
| 4/10/2024 | $26.00 | Underweight | Barclays |
| 1/30/2024 | $29.00 | Buy | Truist |
| 12/16/2022 | $36.00 | Overweight | KeyBanc Capital Markets |
Company reports production above guidance range with strong operator activity in Permian and DJ Basins 2024 outlook enhanced through legacy asset outperformance and impact of five acquisitions closed in third quarter Line of sight wells increased 11% Q-o-Q with higher operator activity and permitting in the Midland and DJ Basins Long-term debt reduced by approximately $56.5 million during the quarter Third quarter total return of capital of $0.47 per share, includes $29.0 million in common stock repurchases and planned payment of $0.28 per share dividend Sitio Royalties Corp. (NYSE:STR) ("Sitio", "STR" or the "Company") today announced third quarter 2024 operational and financial resul
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, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, November 7, 2024 to discuss its third quarter 2024 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States, or 1-404-975-4839 in other locations, with access code 296060, or by webcast at https://events.q4inc.com/attendee/861493711. Participants may also pre-register for the event via the following link: https://www.netroadshow.com/events/
RECORD HIGH AVERAGE DAILY PRODUCTION VOLUME OF 39,231 BOE/D (50% OIL) RETURN OF CAPITAL OF $0.71 PER SHARE FOR SECOND QUARTER 2024, COMPRISED OF $0.30 CASH DIVIDEND PER SHARE OF CLASS A COMMON STOCK AND $0.41 PER SHARE OF STOCK REPURCHASES RAISES FULL YEAR 2024 PRO FORMA PRODUCTION GUIDANCE TO 36,000 – 38,000 BOE/D(1) AND LOWERS MIDPOINT OF FULL YEAR 2024 CASH TAX GUIDANCE BY $21.5 MILLION INCLUDING PREVIOUSLY ANNOUNCED DJ BASIN ACQUISITION(2), CLOSED 7 ACQUISITIONS DURING SECOND QUARTER 2024, ADDING 14,996 NRAS ACROSS THE DJ, DELAWARE, AND MIDLAND BASINS Sitio Royalties Corp. (NYSE:STR) ("Sitio", "STR" or the "Company") today announced operational and financial results for the quar
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, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, August 8, 2024 to discuss its second quarter 2024 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States, or 1-404-975-4839 in other locations, with access code 292624, or by webcast at https://events.q4inc.com/attendee/523440225. Participants may also pre-register for the event via the following link: https://www.netroadshow.com/events/l
RECORD PRO FORMA AVERAGE DAILY PRODUCTION VOLUME OF 37,970 BOE/D (51% OIL)(1) FIRST QUARTER 2024 RETURN OF CAPITAL OF $0.49 PER SHARE, COMPRISED OF $0.41 DIVIDEND PER SHARE OF CLASS A COMMON STOCK AND $0.08 PER SHARE OF STOCK REPURCHASES 52.9 PRO FORMA NET LINE-OF-SIGHT WELLS AS OF MARCH 31, 2024, OF WHICH 77% AND 14% ARE IN THE PERMIAN AND DJ BASINS, RESPECTIVELY(2) CLOSED PREVIOUSLY ANNOUNCED ACQUISITION OF DJ BASIN ASSETS IN APRIL 2024(3) 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 clearly indicates otherwise, references to "we," "our," "us" or similar
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 the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, May 9, 2024 to discuss its first quarter 2024 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States, or 1-404-975-4839 in other locations, with access code 994633, or by webcast at https://events.q4inc.com/attendee/623060425. Participants may also pre-register for the event via the following link: https://www.netroadshow.com/events/login?sho
Announces Definitive Agreement to Acquire 13,062 NRAS in the DJ Basin for $150 Million(1) Announces $200 Million Share Repurchase Program and Updated Return of Capital Framework Closed on Previously Announced Sale of Anadarko and Appalachia Assets for $114 Million Declared $0.51 Dividend Per Share of Class A Common Stock for Fourth Quarter 2023 Issues Full Year 2024 Financial and Operational Guidance, With Pro Forma Production Range of 35,000 – 38,000 Boe/d (49% – 51% Oil)(2) 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 the context clearly indicates othe
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, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, February 29, 2024 to discuss its fourth quarter and full year 2023 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States, or 1-404-975-4839 in other locations, with access code 911248 or by webcast at https://events.q4inc.com/attendee/149886582. Participants may also pre-register for the event via the following link: https://www.netro
Pro Forma In-Period Average Quarterly Production Volume of 36,654 Boe/d (50% Oil)(1) Declared $0.49 Dividend Per Share of Class A Common Stock for Third Quarter 2023 Record High 50.9 Net Line-of-Sight Wells as of September 30, 2023, of Which 82% Are in the Permian Basin Recapitalized Balance Sheet With New $600 Million 7.875% Senior Notes Due 2028, Lowering Expected Cash Interest by More Than $11 Million Per Year and Enhancing Liquidity by More Than $170 Million Announces Definitive Agreement to Sell Appalachia and Anadarko Basin Assets for $117.5 Million, Subject to Customary Closing Adjustments Sitio Royalties Corp. (NYSE:STR) ("Sitio," "STR" or the "Company") today announced op
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, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, November 9, 2023 to discuss its third quarter 2023 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States or 1-404-975-4839 in other locations with access code 971184 or via webcast at https://events.q4inc.com/attendee/965924226. Participants can also pre-register for the event by going to the following link: https://www.netroadshow.com/
SC 13G/A - Sitio Royalties Corp. (0001949543) (Subject)
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Truist Securities analyst Neal Dingmann maintains Sitio Royalties (NYSE:STR) with a Buy and lowers the price target from $33 to $31.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector. Kimbell Royalty Partners, LP (NYSE:KRP) Dividend Yield: 10.84% Raymond James analyst John Freeman maintained a Strong Buy rating and
Barclays analyst Betty Jiang maintains Sitio Royalties (NYSE:STR) with a Underweight and raises the price target from $26 to $27.
Sitio Royalties (NYSE:STR) reported quarterly earnings of $0.10 per share which missed the analyst consensus estimate of $0.15 by 33.33 percent. This is a 64.29 percent decrease over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $151.391 million which beat the analyst consensus estimate of $142.425 million by 6.30 percent. This is a 0.37 percent increase over sales of $150.826 million the same period last year.
7 analysts have shared their evaluations of Sitio Royalties (NYSE:STR) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 0 1 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 1 0 2M Ago 0 1 0 0 0 3M Ago 1 1 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $28.14, a high estimate of $32.00, and a low estimate of $26.00. Surpassing the previous average pri
Keybanc analyst Tim Rezvan maintains Sitio Royalties (NYSE:STR) with a Overweight and raises the price target from $27 to $29.
Piper Sandler analyst Mark Lear maintains Sitio Royalties (NYSE:STR) with a Overweight and raises the price target from $27 to $28.
Barclays analyst Betty Jiang initiates coverage on Sitio Royalties (NYSE:STR) with a Underweight rating and announces Price Target of $26.
Ratings for Sitio Royalties (NYSE:STR) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 3 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 2 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $29.0, along with a high estimate of $32.00 and a low estimate of $26.00. A negative shift in sentiment is evident a
Truist Securities analyst Neal Dingmann maintains Sitio Royalties (NYSE:STR) with a Buy and raises the price target from $29 to $32.
10-Q - Sitio Royalties Corp. (0001949543) (Filer)
8-K - Sitio Royalties Corp. (0001949543) (Filer)
8-K - Sitio Royalties Corp. (0001949543) (Filer)
10-Q - Sitio Royalties Corp. (0001949543) (Filer)
8-K - Sitio Royalties Corp. (0001949543) (Filer)
8-K - Sitio Royalties Corp. (0001949543) (Filer)
8-K - Sitio Royalties Corp. (0001949543) (Filer)
10-Q - Sitio Royalties Corp. (0001949543) (Filer)
8-K - Sitio Royalties Corp. (0001949543) (Filer)
ARS - Sitio Royalties Corp. (0001949543) (Filer)
Company reports production above guidance range with strong operator activity in Permian and DJ Basins 2024 outlook enhanced through legacy asset outperformance and impact of five acquisitions closed in third quarter Line of sight wells increased 11% Q-o-Q with higher operator activity and permitting in the Midland and DJ Basins Long-term debt reduced by approximately $56.5 million during the quarter Third quarter total return of capital of $0.47 per share, includes $29.0 million in common stock repurchases and planned payment of $0.28 per share dividend Sitio Royalties Corp. (NYSE:STR) ("Sitio", "STR" or the "Company") today announced third quarter 2024 operational and financial resul
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, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, November 7, 2024 to discuss its third quarter 2024 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States, or 1-404-975-4839 in other locations, with access code 296060, or by webcast at https://events.q4inc.com/attendee/861493711. Participants may also pre-register for the event via the following link: https://www.netroadshow.com/events/
RECORD HIGH AVERAGE DAILY PRODUCTION VOLUME OF 39,231 BOE/D (50% OIL) RETURN OF CAPITAL OF $0.71 PER SHARE FOR SECOND QUARTER 2024, COMPRISED OF $0.30 CASH DIVIDEND PER SHARE OF CLASS A COMMON STOCK AND $0.41 PER SHARE OF STOCK REPURCHASES RAISES FULL YEAR 2024 PRO FORMA PRODUCTION GUIDANCE TO 36,000 – 38,000 BOE/D(1) AND LOWERS MIDPOINT OF FULL YEAR 2024 CASH TAX GUIDANCE BY $21.5 MILLION INCLUDING PREVIOUSLY ANNOUNCED DJ BASIN ACQUISITION(2), CLOSED 7 ACQUISITIONS DURING SECOND QUARTER 2024, ADDING 14,996 NRAS ACROSS THE DJ, DELAWARE, AND MIDLAND BASINS Sitio Royalties Corp. (NYSE:STR) ("Sitio", "STR" or the "Company") today announced operational and financial results for the quar
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, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, August 8, 2024 to discuss its second quarter 2024 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States, or 1-404-975-4839 in other locations, with access code 292624, or by webcast at https://events.q4inc.com/attendee/523440225. Participants may also pre-register for the event via the following link: https://www.netroadshow.com/events/l
RECORD PRO FORMA AVERAGE DAILY PRODUCTION VOLUME OF 37,970 BOE/D (51% OIL)(1) FIRST QUARTER 2024 RETURN OF CAPITAL OF $0.49 PER SHARE, COMPRISED OF $0.41 DIVIDEND PER SHARE OF CLASS A COMMON STOCK AND $0.08 PER SHARE OF STOCK REPURCHASES 52.9 PRO FORMA NET LINE-OF-SIGHT WELLS AS OF MARCH 31, 2024, OF WHICH 77% AND 14% ARE IN THE PERMIAN AND DJ BASINS, RESPECTIVELY(2) CLOSED PREVIOUSLY ANNOUNCED ACQUISITION OF DJ BASIN ASSETS IN APRIL 2024(3) 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 clearly indicates otherwise, references to "we," "our," "us" or similar
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 the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, May 9, 2024 to discuss its first quarter 2024 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States, or 1-404-975-4839 in other locations, with access code 994633, or by webcast at https://events.q4inc.com/attendee/623060425. Participants may also pre-register for the event via the following link: https://www.netroadshow.com/events/login?sho
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, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, February 29, 2024 to discuss its fourth quarter and full year 2023 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States, or 1-404-975-4839 in other locations, with access code 911248 or by webcast at https://events.q4inc.com/attendee/149886582. Participants may also pre-register for the event via the following link: https://www.netro
Pro Forma In-Period Average Quarterly Production Volume of 36,654 Boe/d (50% Oil)(1) Declared $0.49 Dividend Per Share of Class A Common Stock for Third Quarter 2023 Record High 50.9 Net Line-of-Sight Wells as of September 30, 2023, of Which 82% Are in the Permian Basin Recapitalized Balance Sheet With New $600 Million 7.875% Senior Notes Due 2028, Lowering Expected Cash Interest by More Than $11 Million Per Year and Enhancing Liquidity by More Than $170 Million Announces Definitive Agreement to Sell Appalachia and Anadarko Basin Assets for $117.5 Million, Subject to Customary Closing Adjustments Sitio Royalties Corp. (NYSE:STR) ("Sitio," "STR" or the "Company") today announced op
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, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Thursday, November 9, 2023 to discuss its third quarter 2023 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States or 1-404-975-4839 in other locations with access code 971184 or via webcast at https://events.q4inc.com/attendee/965924226. Participants can also pre-register for the event by going to the following link: https://www.netroadshow.com/
Sitio Royalties Corp. (NYSE:STR) ("Sitio") today announced that it will report operating and financial results for the second quarter of 2023 on Tuesday, August 8, 2023, after the close of trading on the New York Stock Exchange. Sitio will host a conference call at 8:30 a.m. Eastern on Wednesday, August 9, 2023 to discuss its second quarter 2023 operating and financial results. Participants can access the call by dialing 1-833-470-1428 in the United States or 1-404-975-4839 in other locations with access code 584245 or via webcast at https://events.q4inc.com/attendee/759041923. Participants can also pre-register for the event by going to the following link: https://www.netroadshow.com/e
KeyBanc Capital Markets downgraded Sitio Royalties Corp. from Overweight to Sector Weight
Stephens initiated coverage of Sitio Royalties Corp. with a rating of Overweight and set a new price target of $32.00
Barclays initiated coverage of Sitio Royalties Corp. with a rating of Underweight and set a new price target of $26.00
Truist initiated coverage of Sitio Royalties Corp. with a rating of Buy and set a new price target of $29.00
KeyBanc Capital Markets initiated coverage of Sitio Royalties Corp. with a rating of Overweight and set a new price target of $36.00
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4 - Sitio Royalties Corp. (0001949543) (Issuer)
4 - Sitio Royalties Corp. (0001949543) (Issuer)
4 - Sitio Royalties Corp. (0001949543) (Issuer)