Following these proceedings, Mizuho initiated its Sitio Royalties Corp [STR] rating to a Neutral in a research note published on March 31, 2025; the price target was $22. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “a Sector weight”. Stephens began covering STR with “an Overweight” recommendation on September 04, 2024. Barclays started covering the stock on April 10, 2024. It rated STR as “an Underweight”.
Price Performance Review of STR
On Monday, Sitio Royalties Corp [NYSE:STR] saw its stock fall -3.22% to $16.51. Over the last five days, the stock has gained 5.56%. Sitio Royalties Corp shares have fallen nearly -13.92% since the year began. Nevertheless, the stocks have fallen -29.47% over the past one year. While a 52-week high of $25.64 was reached on 01/15/25, a 52-week low of $14.58 was recorded on 04/09/25. SMA at 50 days reached $18.98, while 200 days put it at $21.40.
Levels Of Support And Resistance For STR Stock
The 24-hour chart illustrates a support level at 16.28, which if violated will result in even more drops to 16.04. On the upside, there is a resistance level at 16.82. A further resistance level may holdings at 17.12. The Relative Strength Index (RSI) on the 14-day chart is 41.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.26%. Stochastics %K at 40.15% indicates the stock is a holding.
How much short interest is there in Sitio Royalties Corp?
A steep rise in short interest was recorded in Sitio Royalties Corp stocks on 2025-03-31, growing by 1.09 million shares to a total of 2.89 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 1.8 million shares. There was a rise of 37.78%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 30, 2024 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $29 price target.
