As of Friday close, Sitio Royalties Corp.’s (NYSE:STR) stock was up $0.12, moving up 0.49 percent to $24.38. The average number of shares traded per day over the past five days has been 554,120 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.70 fall in that time frame. In the last twenty days, the average volume was 581,070, while in the previous 50 days, it was 598,482.
Since last month, STR stock retreated -9.64%. Shares of the company fell to $24.00 on 08/18/23, the lowest level in the past month. A 52-week high of $33.65 was reached on 01/24/23 after having rallying from a 52-week low of $19.31. Since the beginning of this year, STR’s stock price has dropped by -15.49% or -$4.47, and marked a new high 3 times. However, the stock has declined by -27.55% since its 52-week high.
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STR stock investors should be aware that Sitio Royalties Corp. (STR) stock had its last reported insider trading activity 155 days ago on Mar 17. Conoscenti Christopher L., the Chief Executive Officer of the company, purchased of 2,500 shares for $20.19 on Mar 17. It resulted in a $50,475 investment by the insider. Conoscenti Christopher L. added 5,000 shares at an average price of $21.84 on Mar 14. The insider now owns 172,101 shares following the transaction. On Mar 13, Chief Executive Officer Conoscenti Christopher L. bought 5,000 shares at $22.40 apiece. The transaction was valued at $112,000.
Valuation Metrics
Right now, Sitio Royalties Corp. (STR) has a P/E ratio of about 24.98. The stock’s beta is 1.72. Besides these, the trailing price-to-sales (P/S) ratio of 7.60, the price-to-book (PB) ratio of 1.16, and the price-to-cash flow ratio of 35.63 may also be considered.
The latest dividend of $0.40 per share was paid out, which is -20.0% less than last year’s $0.50. On Tuesday August 8 2023, a $0.10 dividend decrease was announced.
Financial Health
In the three months ended June 30, Sitio Royalties Corp.’s quick ratio stood at 8.90, while its current ratio was 8.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 0.52, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 92.90% percent. In the year ended June 30, operating margins totaled 32.00%. Based on annual data, STR earned $369.61 million in gross profit and brought in $369.61 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.60%. Return on equity (ROE) for the past 12 months was 2.30%.
In Sitio Royalties Corp.’s quarter-end financial report for June 30, it reported total debt of $893.67 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. STR’s revenue rose 35.66% to $150.83 million during the quarter, while net income inched up to $136.47 million. While analysts expected Sitio Royalties Corp. to report $0.27 quarterly earnings, the actual figure was -$0.01 per share, beating the consensus estimate by -103.70%. During the quarter, the company generated $87.89 million in EBITDA. The liabilities of Sitio Royalties Corp. were 1.26 billion at the end of its most recent quarter ended June 30, and its total debt was $899.17 million. The value of shareholders’ equity is $157.18 million.
Technical Picture
This quick technical analysis looks at Sitio Royalties Corp.’s (STR) price momentum. With a historical volatility rate of 23.65%, the RSI 9-day stood at 25.26% on 18 August.
With respect to its five-day moving average, the current Sitio Royalties Corp. price is down by -2.79% percent or -$0.70. At present, STR shares trade -9.47% below its 20-day simple moving average and +11.78% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.33% below its SMA50 and -14.03% below its SMA200.
Stochastic coefficient K was 8.25% and Stochastic coefficient D was 6.82%, while ATR was 0.71. Given the Stochastic reading of 10.60% for the 14-day period, the RSI (14) reading has been calculated as 31.90%. As of today, the MACD Oscillator reading stands at -0.77, while the 14-day reading stands at -1.51.
With a median target price of $32.50, the current consensus forecast for the stock is $31.00 – $37.00. Based on these forecasts, analysts predict Sitio Royalties Corp. (STR) will achieve an average price target of $33.00.
