SandRidge Energy Target of Unusually High Options Trading (SD)
Shares of SandRidge Energy (NYSE:SD) was the target of unusually large options trading on Tuesday. Stock traders bought 38,039 call options on the company, ARN reports. This represents an increase of 374% compared to the typical volume of 8,017 call options.
A number of research firms have recently commented on SD. 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 research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.14.
Shares of SandRidge Energy (NYSE:SD) opened at 5.74 on Wednesday. SandRidge Energy has a 52 week low of $4.52 and a 52 week high of $7.47. The stock’s 50-day moving average is $5.66 and its 200-day moving average is $5.64. The company’s market cap is $2.776 billion.
SandRidge Energy (NYSE:SD) last released its earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.05 earnings per share. SandRidge Energy’s revenue was down 7.4% compared to the same quarter last year. On average, analysts predict that SandRidge Energy will post $0.17 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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