
STR Stock Forecast & Price Target
STR Analyst Ratings
Bulls say
Sitio Royalties Corp experienced a notable increase in oil production during the fourth quarter of 2024, with a 1% quarter-over-quarter and a 14% year-over-year rise, reaching 19.4 MBopd, which surpassed consensus estimates. Additionally, total production grew by 6% sequentially and 14% annually to 40.9 MBoed, also exceeding consensus forecasts by 6%. Furthermore, the company's financial stability is underscored by a 9% increase in its borrowing base to $925 million, along with EBITDA and cash flow per share significantly outperforming consensus by 9% and 15%, respectively, indicating robust operational execution.
Bears say
Sitio Royalties Corp has reported an 8% decline in line of sight (LOS) wells, which fell to 44.9 net, primarily due to decreased operator activity in key oil basins, evidenced by a reduction in net permits and spuds. This trend, alongside potential declines in oil and gas prices, raises concerns regarding the company's near-term cash flow and long-term growth prospects. Furthermore, risks related to governmental or regulatory changes could further negatively impact Sitio Royalties' financial outlook.
This aggregate rating is based on analysts' research of Sitio Royalties Corp and is not a guaranteed prediction by Public.com or investment advice.
STR Analyst Forecast & Price Prediction
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