SandRidge Mississippian Trust I Reaches New 1-Year Low at $6.15 (SDT)
SandRidge Mississippian Trust I (NYSE:SDT) shares hit a new 52-week low during mid-day trading on Friday , Analyst Ratings.Net reports. The company traded as low as $6.15 and last traded at $6.33, with a volume of 546,770 shares changing hands. The stock had previously closed at $6.75.
Separately, analysts at Zacks downgraded shares of SandRidge Mississippian Trust I from a “neutral” rating to an “underperform” rating in a research note on Friday, May 30th. They now have a $6.00 price target on the stock.
The stock has a 50-day moving average of $6.53 and a 200-day moving average of $7.54. The company has a market cap of $176.7 million and a price-to-earnings ratio of 3.38.
SandRidge Mississippian Trust I (NYSE:SDT) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.05. Analysts expect that SandRidge Mississippian Trust I will post $1.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.3577 per share. This represents a $1.43 dividend on an annualized basis and a yield of 22.68%. The ex-dividend date of this dividend is Tuesday, August 12th.
SandRidge Mississippian Trust I (NYSE:SDT) is a statutory trust.
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