SandRidge Energy Given New $7.00 Price Target at Robert W. Baird (SD)
Robert W. Baird upped their price target on shares of SandRidge Energy (NYSE:SD) from $5.00 to $7.00 in a research note issued on Friday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price points to a potential upside of 1.45% from the stock’s previous close.
Shares of SandRidge Energy (NYSE:SD) traded up 2.99% during mid-day trading on Friday, hitting $6.90. The stock had a trading volume of 13,327,488 shares. SandRidge Energy has a one year low of $4.52 and a one year high of $7.47. The stock has a 50-day moving average of $5.83 and a 200-day moving average of $5.27. The company’s market cap is $3.306 billion.
SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts expect that SandRidge Energy will post $0.04 EPS for the current fiscal year.
A number of other firms have also recently commented on SD. Analysts at Goldman Sachs Group Inc. upgraded shares of SandRidge Energy 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 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 to a “market perform” rating in a research note to investors on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.64.
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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