SandRidge Energy SVP Unloads $171,250 in Stock (SD)
SandRidge Energy (NYSE:SD) SVP Randall D. Cooley sold 25,000 shares of the stock on the open market in a transaction dated Thursday, June 12th. The shares were sold at an average price of $6.85, for a total transaction of $171,250.00. Following the completion of the sale, the senior vice president now directly owns 212,316 shares in the company, valued at approximately $1,454,365. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on SD shares. Analysts at SunTrust raised their price target on shares of SandRidge Energy from $8.00 to $9.00 in a research note on Tuesday, May 13th. They now have a “buy” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of SandRidge Energy from $7.00 to $8.00 in a research note on Monday, May 12th. Finally, analysts at Wunderlich reiterated a “hold” rating on shares of SandRidge Energy in a research note on Friday, May 9th. They now have a $7.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. SandRidge Energy has a consensus rating of “Hold” and an average target price of $7.28.
SandRidge Energy (NYSE:SD) traded up 2.59% on Monday, hitting $7.13. The stock had a trading volume of 13,779,899 shares. SandRidge Energy has a 52-week low of $4.68 and a 52-week high of $7.20. The stock’s 50-day moving average is $6.73 and its 200-day moving average is $6.30. The company’s market cap is $3.457 billion. SandRidge Energy also was the recipient of a significant decrease in short interest during the month of May. As of May 30th, there was short interest totalling 44,674,742 shares, a decrease of 12.0% from the May 15th total of 50,739,902 shares. Approximately 10.7% of the shares of the company are short sold. Based on an average daily trading volume, of 8,266,985 shares, the days-to-cover ratio is presently 5.4 days.
SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, May 7th. 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 $443.10 million for the quarter, compared to the consensus estimate of $406.43 million. The company’s quarterly revenue was down 13.4% on a year-over-year basis. On average, analysts predict that SandRidge Energy will post $0.19 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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