Sitio Royalties Corp (NYSE: STR)’s stock price has soared by 0.51 in relation to previous closing price of 23.66. Nevertheless, the company has seen a loss of -3.65% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-07 that Sitio Royalties Corp. (NYSE:STR ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Ross Wong – Vice President of Finance and Investor Relations Chris Conoscenti – Chief Executive Officer Carrie Osicka – Chief Financial Officer Jarret Marcoux – Executive Vice President, Operations Dax McDavid – Executive Vice President of Corporate Development Conference Call Participants Neal Dingmann – Truist Jarrod Girou – Stephens Betty Zhang – Barclays Noel Parks – Tuohy Brothers Investment Operator Hello everyone, and welcome to the Sitio Royalties Third Quarter 2024 Earnings Conference Call. My name is Bruno and I’ll be your operator for today.
Is It Worth Investing in Sitio Royalties Corp (NYSE: STR) Right Now?
Company’s 36-month beta value is 1.72.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for STR is 76.68M, and currently, short sellers hold a 4.06% ratio of that floaft. The average trading volume of STR on November 28, 2024 was 714.56K shares.
STR’s Market Performance
STR stock saw an increase of -3.65% in the past week, with a monthly gain of 8.09% and a quarterly increase of 6.35%. The volatility ratio for the week is 1.93%, and the volatility levels for the last 30 days are 2.73% for Sitio Royalties Corp (STR).. The simple moving average for the past 20 days is -0.19% for STR’s stock, with a 2.90% simple moving average for the past 200 days.
Analysts’ Opinion of STR
Stephens, on the other hand, stated in their research note that they expect to see STR reach a price target of $32. The rating they have provided for STR stocks is “Overweight” according to the report published on September 04th, 2024.
Barclays gave a rating of “Underweight” to STR, setting the target price at $26 in the report published on April 10th of the current year.
STR Trading at 4.26% 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 -8.36% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares surge +6.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.35% upper at present.
During the last 5 trading sessions, STR fell by -3.65%, which changed the moving average for the period of 200-days by +13.13% in comparison to the 20-day moving average, which settled at $23.82. In addition, Sitio Royalties Corp saw 1.15% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for STR
Current profitability levels for the company are sitting at:
- 0.34 for the present operating margin
- 0.46 for the gross margin
The net margin for Sitio Royalties Corp stands at 0.03. The total capital return value is set at 0.05. Equity return is now at value -0.20, with -0.10 for asset returns.
Based on Sitio Royalties Corp (STR), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.69. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 2.45.
Currently, EBITDA for the company is 323.75 million with net debt to EBITDA at 2.69. When we switch over and look at the enterprise to sales, we see a ratio of 4.65. The receivables turnover for the company is 5.21for trailing twelve months and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.50.
Conclusion
In a nutshell, Sitio Royalties Corp (STR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
