Taking this into account, 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 fall -0.64% to $16.96. Over the last five days, the stock has lost -3.47%. Sitio Royalties Corp shares have fallen nearly -11.57% since the year began. Nevertheless, the stocks have fallen -26.07% 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 $18.37, while 200 days put it at $20.99.
Levels Of Support And Resistance For STR Stock
The 24-hour chart illustrates a support level at 16.80, which if violated will result in even more drops to 16.65. On the upside, there is a resistance level at 17.20. A further resistance level may holdings at 17.45. The Relative Strength Index (RSI) on the 14-day chart is 45.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.72%. Stochastics %K at 74.76% indicates the stock is a holding.
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.
