SandRidge Energy Target of Unusually High Options Trading (SD)
Shares of SandRidge Energy (NYSE:SD) was the target of some unusual options trading activity on Thursday. Investors acquired 18,753 put options on the stock, American Banking News reports. This is an increase of approximately 310% compared to the average volume of 4,572 put options.
A number of analysts have recently weighed in on SD shares. Analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of SandRidge Energy in a research note to investors on Wednesday, November 6th. They now have a $6.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of SandRidge Energy from $6.00 to $6.50 in a research note to investors on Wednesday, November 6th. They now have a “neutral” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of SandRidge Energy from $5.00 to $7.00 in a research note to investors on Wednesday, October 23rd. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.14.
Shares of SandRidge Energy (NYSE:SD) traded down 1.32% during mid-day trading on Thursday, hitting $5.99. The stock had a trading volume of 14,218,456 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 $5.68 and a 200-day moving average of $5.61. The company’s market cap is $2.897 billion.
SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The company had revenue of $493.60 million for the quarter, compared to the consensus estimate of $448.62 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts expect that SandRidge Energy will post $0.17 EPS 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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