Sitio Royalties Corp.

Equities

STR

US82983N1081

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2024-05-22 pm EDT			5-day change	1st Jan Change
22.69 ^USD	-2.70%		-4.58%	-3.49%

May. 10	Truist Securities Adjusts Sitio Royalties' Price Target to $33 From $32, Keeps Buy Rating	MT
May. 09	Barclays Adjusts Sitio Royalties Price Target to $27 From $26, Maintains Underweight Rating	MT

Sitio Royalties Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 08, 2024 at 04:05 pm EDT

Sitio Royalties Corp. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 147.97 million compared to USD 145.55 million a year ago.

Revenue was USD 151.39 million compared to USD 150.83 million a year ago. Net income was USD 8.47 million compared to USD 22.65 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.28 a year ago.

Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.28 a year ago.

Latest news about Sitio Royalties Corp.

Truist Securities Adjusts Sitio Royalties' Price Target to $33 From $32, Keeps Buy Rating	May. 10	MT
Barclays Adjusts Sitio Royalties Price Target to $27 From $26, Maintains Underweight Rating	May. 09	MT
Transcript : Sitio Royalties Corp., Q1 2024 Earnings Call, May 09, 2024	May. 09
Sitio Royalties Q1 Net Income Falls, Revenue Increases	May. 09	MT
Earnings Flash (STR) SITIO ROYALTIES Reports Q1 Revenue $151.4M, vs. Street Est of $142.9M	May. 08	MT
Sitio Royalties Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 08	CI
KeyBanc Adjusts Sitio Royalties Price Target to $29 From $27, Maintains Overweight Rating	Apr. 22	MT
Piper Sandler Raises Sitio Royalties Price Target to $28 From $27, Maintains Overweight Rating	Apr. 19	MT
Piper Sandler Adjusts Sitio Royalties' Price Target to $27 From $26, Maintains Overweight Rating	Mar. 07	MT
Sitio Royalties Corp. Announces Executive Changes	Mar. 06	CI
Sitio Royalties Corp. announces an Equity Buyback for $200 million worth of its shares.	Feb. 29	CI
Transcript : Sitio Royalties Corp., Q4 2023 Earnings Call, Feb 29, 2024	Feb. 29
Sitio Royalties Corp. Provides Production Guidance for the Full Year 2024	Feb. 29	CI
Sitio Royalties Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 28	CI
Sitio Royalties Corp. authorizes a Buyback Plan.	Feb. 27	CI
Truist Securities Initiates Sitio Royalties at Buy Rating With $29 Price Target	Jan. 30	MT
Piper Sandler Adjusts Price Target on Sitio Royalties to $26 From $31, Maintains Overweight Rating	Jan. 24	MT
KeyBanc Cuts Price Target on Sitio Royalties to $29 From $33 Amid 'More Muted Commodity Price Outlook,' Keeps Overweight Rating	Jan. 11	MT
Transcript : Sitio Royalties Corp., Q3 2023 Earnings Call, Nov 09, 2023	Nov. 09
Sitio Royalties Breaks Even in Q3 Earnings; Increases Quarterly Dividend, Announces Sale of Interest in Appalachia, Anadarko Basins	Nov. 08	MT
Earnings Flash (STR) SITIO ROYALTIES Posts Q3 Revenue $156.7M, vs. Street Est of $163M	Nov. 08	MT
Sitio Royalties Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 08	CI
Sitio Royalties Corp. Provides Production Guidance for the Second Half of 2023	Nov. 08	CI
Sitio Royalties Corp. Reports Production Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 08	CI
Sitio Royalties Prices $600 Million Notes Offering	23-09-27	MT

Chart Sitio Royalties Corp.

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Company Profile

Sitio Royalties Corp. acquires, owns, and manages mineral and royalty interests across premium basins in the United States. The Company leases its mineral interests to oil and gas exploration and production (E&P) companies. It leases permits E&P companies to explore for and produce oil, natural gas and natural gas liquids from its properties and entitles the Company to receive a percentage of the proceeds from the sales of these commodities. The Companyâs assets are focused primarily on the Permian Basin in West Texas and Southeast New Mexico, with additional assets across areas of the United States, including the Denver-Julesburg (DJ) Basin in Colorado and Wyoming, Eagle Ford in South Texas, Appalachia Basin in Pennsylvania, West Virginia and Ohio, Anadarko Basin in Oklahoma, and Williston Basin in North Dakota. The DJ Basin is located in Northeast Colorado and Southeast Wyoming. The Company owns mineral and royalty interests representing over 252,300 net royalty acres (NRAs).

Sector

Oil & Gas Exploration and Production

Calendar

2024-08-05 - Q2 2024 Earnings Release (Projected)

Related indices

Russell 2000

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Ratings for Sitio Royalties Corp.

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

22.69 USD

Average target price

29.5 USD

Spread / Average Target

+30.01%

Consensus

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