Sitio Royalties Corp. (NYSE: STR)’s stock price has decreased by -0.95 compared to its previous closing price of 22.07. Despite this, the company has seen a fall of -9.78% in its stock price over the last five trading days.
Is It Worth Investing in Sitio Royalties Corp. (NYSE: STR) Right Now?
The price-to-earnings ratio for Sitio Royalties Corp. (NYSE: STR) is 18.42x, which is above its average ratio. Moreover, the 36-month beta value for STR is 1.74. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Sitio Royalties Corp. (STR) is $34.14, which is $12.28 above the current market price. The public float for STR is 78.27M and currently, short sellers hold a 4.13% of that float. On March 15, 2023, STR’s average trading volume was 738.96K shares.
STR’s Market Performance
The stock of Sitio Royalties Corp. (STR) has seen a -9.78% decrease in the past week, with a -18.43% drop in the past month, and a -23.22% fall in the past quarter. The volatility ratio for the week is 4.42%, and the volatility levels for the past 30 days are at 3.75% for STR. The simple moving average for the last 20 days is -10.16% for STR stock, with a simple moving average of -18.88% for the last 200 days.
Analysts’ Opinion of STR
Many brokerage firms have already submitted their reports for STR stocks, with KeyBanc Capital Markets repeating the rating for STR by listing it as a “Overweight.” The predicted price for STR in the upcoming period, according to KeyBanc Capital Markets is $36 based on the research report published on December 16th of the previous year 2022.
STR Trading at -15.75% from the 50-Day Moving Average
After a stumble in the market that brought STR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.04% of loss for the given period.
Volatility was left at 3.75%, however, over the last 30 days, the volatility rate increased by 4.42%, as shares sank -18.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.50% lower at present.
During the last 5 trading sessions, STR fell by -9.78%, which changed the moving average for the period of 200-days by -24.10% in comparison to the 20-day moving average, which settled at $24.09. In addition, Sitio Royalties Corp. saw -24.23% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for STR
Current profitability levels for the company are sitting at:
- +51.88 for the present operating margin
- +73.68 for the gross margin
The net margin for Sitio Royalties Corp. stands at +18.06. Equity return is now at value 1.90, with 0.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.53.
Conclusion
To wrap up, the performance of Sitio Royalties Corp. (STR) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
