In the meantime, Barclays upgraded its Sitio Royalties Corp [STR] rating to an Equal weight from a an Underweight in a research note published on April 23, 2025; the price target was decreased to $21 from $23. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”a Neutral”‘ rating. KeyBanc Capital Markets also remained covering STR and has decreased its forecast on October 16, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. Stephens started covering the stock on September 04, 2024. It rated STR as “an Overweight”.
Price Performance Review of STR
On Tuesday, Sitio Royalties Corp [NYSE:STR] saw its stock jump 0.23% to $17.57. Over the last five days, the stock has gained 4.90%. Sitio Royalties Corp shares have fallen nearly -8.39% since the year began. Nevertheless, the stocks have fallen -26.27% 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 $18.65, while 200 days put it at $21.19.
Levels Of Support And Resistance For STR Stock
The 24-hour chart illustrates a support level at 17.30, which if violated will result in even more drops to 17.03. On the upside, there is a resistance level at 17.78. A further resistance level may holdings at 17.98. The Relative Strength Index (RSI) on the 14-day chart is 49.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.47%. Stochastics %K at 91.24% indicates the stock is a selling.
How much short interest is there in Sitio Royalties Corp?
A steep rise in short interest was recorded in Sitio Royalties Corp stocks on 2025-04-15, growing by 0.61 million shares to a total of 2.86 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 2.25 million shares. There was a rise of 21.36%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 10, 2024 when Barclays began covering the stock and recommended ‘”an Underweight”‘ rating along with a $26 price target.
