SandRidge Energy (SD) Scheduled to Post Quarterly Earnings on Wednesday
SandRidge Energy (NYSE:SD) is scheduled to issue its Q214 quarterly earnings data on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $391.90 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
SandRidge Energy (NYSE:SD) last released its 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 expect SandRidge Energy to post $0.23 EPS for the current fiscal year and $0.29 EPS for the next fiscal year.
Shares of SandRidge Energy (NYSE:SD) opened at 5.99 on Tuesday. 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 $6.72 and a 200-day moving average of $6.54. The company’s market cap is $2.904 billion.
Several analysts have recently commented on the stock. 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. On a related note, 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $7.25.
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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