Insider Selling: Randall Cooley Unloads 16,481 Shares of SandRidge Energy Stock (SD)
SandRidge Energy (NYSE:SD) VP Randall Cooley sold 16,481 shares of SandRidge Energy stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $5.95, for a total transaction of $98,061.95. Following the completion of the sale, the vice president now directly owns 188,128 shares in the company, valued at approximately $1,119,362. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
SandRidge Energy (NYSE:SD) traded up 0.66% during mid-day trading on Friday, hitting $6.06. The stock had a trading volume of 9,852,628 shares. SandRidge Energy has a 52 week low of $4.52 and a 52 week high of $7.47. The stock has a 50-day moving average of $5.68 and a 200-day moving average of $5.64. The company’s market cap is $2.931 billion. SandRidge Energy also saw some unusual options trading activity on Tuesday. Investors purchased 38,039 call options on the stock. This represents an increase of 374% compared to the typical volume of 8,017 call options.
SandRidge Energy (NYSE:SD) last posted its quarterly earnings results 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. Analysts expect that SandRidge Energy will post $0.16 EPS for the current fiscal year.
SD has been the subject of a number of recent research reports. 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 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 stock has an average rating of “Hold” and an average price target of $6.14.
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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