SandRidge Energy Receives Consensus Rating of “Hold” from Analysts (NYSE:SD)
Shares of SandRidge Energy (NYSE:SD) have earned a consensus rating of “Hold” from the eleven analysts that are covering the company, Stock Ratings News reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $7.15.
A number of research firms have recently commented on SD. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SandRidge Energy in a research note on Friday. They now have a $6.00 price target on the stock, up previously from $4.00. Separately, 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. Finally, 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.
Shares of SandRidge Energy (NYSE:SD) traded down 0.46% on Monday, hitting $6.48. The stock had a trading volume of 1,373,456 shares. SandRidge Energy has a 1-year low of $5.06 and a 1-year high of $7.43. The stock’s 50-day moving average is $6.88 and its 200-day moving average is $6.51. The company’s market cap is $3.141 billion.
SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, May 7th. 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 $443.10 million for the quarter, compared to the consensus estimate of $406.43 million. SandRidge Energy’s revenue was down 13.4% compared to the same quarter last year. On average, analysts predict that SandRidge Energy will post $0.22 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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