The stock of Sitio Royalties Corp. (NYSE:STR) decreased by -$0.37 on Friday to finish at $25.08, down -1.45 percent. The last five days have seen an average of 844,540 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$3.77. The average number of shares traded over the last 20 days was 540,670, while the average volume over the last 50 days totaled 596,202.
STR stock dropped -6.66% since last month. On 08/09/23, the company’s shares reached a one-month low of $24.68. The stock touched a high of $33.65 on 01/24/23, after rallying from a low of $19.31 in 52 weeks. The price of STR stock has declined by -13.07% or -$3.77 this year, reaching a new high 3 times. Still, the stock price is down -25.47% from the 52-week high.
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Insider Transactions
STR stock investors should be aware that Sitio Royalties Corp. (STR) stock had its last reported insider trading activity 150 days ago on Mar 17. On Mar 17, Chief Executive Officer Conoscenti Christopher L. acquired 2,500 shares at $20.19 each. This transaction resulted in the insider spending $50,475. On Mar 14, Conoscenti Christopher L. added 5,000 shares at a price of US$21.84. After the transaction, the insider now owns 172,101 shares. Chief Executive Officer Conoscenti Christopher L. had earlier bought 5,000 shares on Mar 13 for $22.40 a share. The transaction was completed for $112,000.
Valuation Metrics
Sitio Royalties Corp. (STR) has a trailing price-to-earnings (P/E) ratio of 25.70. Beta for the stock is 1.71. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.82, the price-to-book (PB) ratio of 1.19, and the price-to-cash flow ratio of 36.65.
Company paid $0.40 per share in dividends, a decrease of -20.0% from $0.50 last year. A $0.10 dividend decrease was reported on Tuesday August 8 2023.
Financial Health
For the three months ended June 29, Sitio Royalties Corp.’s quick ratio was 8.90, while its current ratio was 8.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.52, and the total debt to equity ratio is 0.52. As far as profitability goes, gross margin for the trailing twelve months is 92.90% percent. Sitio Royalties Corp.’s EBITDA margin for the year ended June 29 was 80.76%, whereas its operating margin stood at 32.00% for the same period. Based on annual data, it had gross profit of $369.61 million and revenue of $369.61 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. STR’s return on assets (ROA) during the last 12 months has been 0.70%. There was a 6.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.30%.
Earnings Surprise
According to Sitio Royalties Corp.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $136.47 million, while revenues rose by 35.66% to $150.83 million. It was predicted that Sitio Royalties Corp.’s quarterly earnings would be -$0.01, but it ended up being $0.27, beating the consensus by -103.70%. EBITDA was $87.89 million for the quarter. At the end of Sitio Royalties Corp.’s most recent quarter ended June 29, its liabilities totaled 1.26 billion, while its total debt was $899.17 million. Equity owned by shareholders amounts to $157.18 million.
Technical Picture
Here’s a quick look at Sitio Royalties Corp.’s (STR) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 25.15%, suggesting the stock is oversold, with a 25.56% historical volatility rate.
The stochastic %K and %D were 30.15% and 45.72% respectively, while the average true range (ATR) was 0.87. Based on the 14-day stochastic reading of 13.65%, the RSI (14) reading is 34.21%. On the 9-day MACD Oscillator, the stock is at -1.10, and the 14-day reading is at -1.31.
Analyst Ratings
In its analyst report released on December 16, 2022, KeyBanc Capital Markets began covering Sitio Royalties Corp. (NYSE: STR). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Sitio Royalties Corp. (STR) an Buy rating. STR is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
