Sitio Royalties Corp reports results for the quarter ended in September 30 - Earnings Summary

• Sitio Royalties Corp STR.N reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of six analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 11 cents to 15 cents per share.

• Revenue fell 4.7% to $149.38 million from a year ago; analysts expected $153.25 million.

• Sitio Royalties Corp's reported EPS for the quarter was 15 cents​.

• The company reported quarterly net income of $12.56 million.

• Sitio Royalties Corp shares had risen by 8.7% this quarter and lost 3.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 39.5% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Sitio Royalties Corp is $27.00

This summary was machine generated from LSEG data November 7 at 04:07 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)