SandRidge Energy Sees Unusually Large Options Volume (SD)
SandRidge Energy (NYSE:SD) saw unusually large options trading on Thursday. Stock traders acquired 16,049 put options on the company, American Banking News.com reports. This is an increase of approximately 139% compared to the average volume of 6,725 put options.
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 research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. SandRidge Energy has an average rating of “Hold” and a consensus price target of $6.14.
Shares of SandRidge Energy (NYSE:SD) opened at 6.02 on Friday. 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 $5.67 and a 200-day moving average of $5.64. The company’s market cap is $2.911 billion.
SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. Analysts expect that SandRidge Energy will post $0.16 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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