Sitio Royalties Corp. (NYSE:STR) finished Wednesday with a subtraction of -$1.1 to close at $26.16, a downside of -4.04 percent. An average of 771,760 shares of common stock have been traded in the last five days. There was a fall of -$0.81 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 495,630 shares traded, while the 50-day average volume stands at 593,358.
STR stock has decreased by -0.80% in the last month. The company shares reached their 1-month lowest point of $24.68 on 08/09/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $19.31 and a high of $33.65 in 52 weeks. It has reached a new high 3 times so far this year and lost -9.32% or -$2.69 in price. In spite of this, the price is down -22.26% from the 52-week high.
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Valuation Metrics
Sitio Royalties Corp. (STR) has a trailing price-to-earnings (P/E) ratio of 24.70. The stock’s beta is 1.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.94, the price-to-book (PB) ratio at 1.23.
The company has a payout ratio of 186.10%. The company’s most recent quarterly dividend payment was $0.40 a share, representing a down of -20.0% from $0.50 last year. Its latest decrease dividend $0.10 reported on Tuesday August 8 2023.
Financial Health
The quick ratio of Sitio Royalties Corp. for the three months ended March 30 was 6.60, and the current ratio was 6.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.53 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Its gross profit as reported stood at $369.61 million compared to revenue of $369.61 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sitio Royalties Corp.’s return on assets was 1.00%.
Earnings Surprise
For the three-month period that ended March 30, Sitio Royalties Corp. had $893.67 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$0.8 million in the quarter, while revenues of $22.65 million were grew 870.0%. The analyst consensus anticipated Sitio Royalties Corp.’s latest quarter earnings to come in at $0.22 per share, but it turned out to be $0.28, a 27.30% surprise. For the quarter, EBITDA amounted to $87.89 million. Shareholders own equity worth $157.18 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sitio Royalties Corp. (STR) price momentum. RSI 9-day as of the close on 09 August was 35.70%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.83%.
As of today, STR’s price is $27.02 -3.00% or -$0.81 from its 5-day moving average. STR is currently trading -1.36% lower than its 20-day SMA and +28.17% higher than its 100-day SMA. However, the stock’s current price level is +2.79% above the SMA50 and -4.25% below the SMA200.
The stochastic %K and %D were 56.73% and 62.85%, respectively, and the average true range (ATR) was 0.87. With the 14-day stochastic at 50.51% and the average true range at 0.80, the RSI (14) stands at 42.94%. The stock has reached -0.31 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.
Analyst Ratings
KeyBanc Capital Markets launched coverage on Sitio Royalties Corp. (NYSE: STR) in its analyst report released on December 16, 2022. The firm assigned the stock an Overweight rating. The consensus rating for Sitio Royalties Corp. (STR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell STR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.
