Sitio Royalties ( (STR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Sitio Royalties’ stock movement is influenced by its strategic advantage in a low oil price environment, thanks to its royalty model and significant presence in the Permian Basin. Barclays analyst Betty Jiang has upgraded the company’s rating to Equal Weight from Underweight, despite slightly lowering the price target.
More about Sitio Royalties
YTD Price Performance: -10.76%
Average Trading Volume: 747,656
Technical Sentiment Signal: Buy
Current Market Cap: $2.54B
For further insights into STR stock on TipRanks’ Stock Analysis page.
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