SandRidge Energy Sees Significant Growth in Short Interest (SD)
SandRidge Energy (NYSE:SD) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 50,640,062 shares, an increase of 14.7% from the June 30th total of 44,136,122 shares, AnalystRatingsNetwork reports. Based on an average trading volume of 7,956,835 shares, the short-interest ratio is currently 6.4 days. Approximately 12.1% of the shares of the stock are short sold.
SD has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of SandRidge Energy from $6.00 to $7.00 in a research note on Wednesday, July 23rd. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. SandRidge Energy presently has a consensus rating of “Hold” and a consensus price target of $7.25.
Shares of SandRidge Energy (NYSE:SD) opened at 6.13 on Thursday. SandRidge Energy has a 52 week low of $5.06 and a 52 week high of $7.43. The stock has a 50-day moving average of $6.79 and a 200-day moving average of $6.53. The company’s market cap is $2.972 billion.
SandRidge Energy (NYSE:SD) last released its earnings data 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. Analysts expect that SandRidge Energy will post $0.23 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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