SandRidge Energy Price Target Raised to $7.00 at Barclays (SD)
Barclays increased their price objective on shares of SandRidge Energy (NYSE:SD) from $6.00 to $7.00 in a research note issued on Wednesday. Barclays’ price target would indicate a potential upside of 8.19% from the company’s current price.
A number of other firms have also recently commented on SD. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SandRidge Energy in a research note on Friday, July 18th. 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. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. SandRidge Energy currently has an average rating of “Hold” and a consensus target price of $7.25.
SandRidge Energy (NYSE:SD) traded down 0.15% during mid-day trading on Wednesday, hitting $6.47. 6,362,423 shares of the company’s stock traded hands. SandRidge Energy has a one year low of $5.06 and a one year high of $7.43. The stock has a 50-day moving average of $6.87 and a 200-day moving average of $6.52. The company’s market cap is $3.137 billion.
SandRidge Energy (NYSE:SD) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was down 13.4% on a year-over-year basis. 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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