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Sitio Royalties Corp has a consensus price target of $31.43 based on the ratings of 8 analysts. The high is $43 issued by RBC Capital on July 1, 2022. The low is $27 issued by Barclays on May 9, 2024. The 3 most-recent analyst ratings were released by Piper Sandler, Piper Sandler, and Truist Securities on November 18, 2024, October 15, 2024, and September 30, 2024, respectively. With an average price target of $28 between Piper Sandler, Piper Sandler, and Truist Securities, there's an implied 17.89% upside for Sitio Royalties Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Sitio Royalties (NYSE:STR) was reported by Piper Sandler on November 18, 2024. The analyst firm set a price target for $28.00 expecting STR to rise to within 12 months (a possible 17.89% upside). 18 analyst firms have reported ratings in the last year.
The latest analyst rating for Sitio Royalties (NYSE:STR) was provided by Piper Sandler, and Sitio Royalties maintained their overweight rating.
The last upgrade for Sitio Royalties Corp happened on July 1, 2022 when RBC Capital raised their price target to $43. RBC Capital previously had a sector perform for Sitio Royalties Corp.
The last downgrade for Sitio Royalties Corp happened on October 16, 2024 when Keybanc changed their price target from N/A to N/A for Sitio Royalties Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sitio Royalties, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Sitio Royalties was filed on November 18, 2024 so you should expect the next rating to be made available sometime around November 18, 2025.
While ratings are subjective and will change, the latest Sitio Royalties (STR) rating was a maintained with a price target of $27.00 to $28.00. The current price Sitio Royalties (STR) is trading at is $23.75, which is out of the analyst’s predicted range.
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