• Sitio Royalties Corp STR.N reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of seven analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 6 cents to 11 cents per share.

• Revenue rose 8% to $163.52 million from a year ago; analysts expected $153.17 million.

• Sitio Royalties Corp's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $10.27 million.

• Sitio Royalties Corp shares had fallen by 14.6% this quarter and lost 11.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12% in the last three months.​

• In the last 30 days, three 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," 3 "hold" and no "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 $28.00

This summary was machine generated from LSEG data May 8 at 12:32 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)