SandRidge Energy Target of Unusually Large Options Trading (SD)
Shares of SandRidge Energy (NYSE:SD) saw some unusual options trading on Tuesday. Stock traders acquired 22,023 put options on the stock, AnalystRatingsNetwork.com reports. This is an increase of approximately 343% compared to the typical daily volume of 4,966 put options.
In other SandRidge Energy news, VP Randall Cooley sold 16,714 shares of SandRidge Energy stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $5.60, for a total value of $93,598.40. Following the completion of the sale, the vice president now directly owns 196,510 shares of the company’s stock, valued at approximately $1,100,456. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on SD. Analysts at Goldman Sachs Group Inc. upgraded shares of SandRidge Energy (NYSE:SD) from a “sell” rating to a “neutral” rating in a research note to investors on Tuesday, September 24th. They now have a $6.00 price target on the stock. Separately, analysts at Zacks downgraded shares of SandRidge Energy (NYSE:SD) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $6.30 price target on the stock. Finally, analysts at Raymond James downgraded shares of SandRidge Energy (NYSE:SD) to a “market perform” rating in a research note to investors on Monday, July 29th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.59.
Shares of SandRidge Energy (NYSE:SD) traded up 5.29% on Tuesday, hitting $6.17. 16,142,632 shares of the company’s stock traded hands. SandRidge Energy has a 1-year low of $4.52 and a 1-year high of $7.49. The stock has a 50-day moving average of $5.4 and a 200-day moving average of $5.20. The company’s market cap is $2.956 billion.
SandRidge Energy (NYSE:SD) last announced its earnings results on Tuesday, August 6th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.12. The company had revenue of $512.98 million for the quarter, compared to the consensus estimate of $432.11 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that SandRidge Energy will post $0.03 earnings per share for the current fiscal year.
SandRidge Energy, Inc is an independent oil and natural gas company. The Company is engaged in development and production activities in the Mid-Continent, Gulf of Mexico and Permian Basin in west Texas.
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