SandRidge Energy PT Raised to $6.00 at Barclays (SD)
Equities research analysts at Barclays raised their target price on shares of SandRidge Energy (NYSE:SD) from $5.00 to $6.00 in a research note issued to investors on Monday, AnalystRatings.Net reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective points to a potential downside of 13.04% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of SandRidge Energy from $5.00 to $7.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.70.
SandRidge Energy (NYSE:SD) traded down 1.01% during mid-day trading on Monday, hitting $6.83. The stock had a trading volume of 5,847,637 shares. SandRidge Energy has a 1-year low of $4.52 and a 1-year high of $7.47. The stock has a 50-day moving average of $5.86 and a 200-day moving average of $5.29. The company’s market cap is $3.273 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.
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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