SandRidge Energy PT Lowered to $6.00 at RBC Capital (SD)
Analysts at RBC Capital lowered their target price on shares of SandRidge Energy (NYSE:SD) from $7.00 to $6.00 in a research report issued to clients and investors on Tuesday. RBC Capital’s target price suggests a potential upside of 15.83% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich cut their price target on shares of SandRidge Energy from $7.00 to $6.00 in a research note on Friday, August 8th. Separately, analysts at Barclays cut their price target on shares of SandRidge Energy from $7.00 to $6.00 in a research note on Friday, August 8th. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SandRidge Energy in a research note on Thursday, August 7th. They now have a $6.10 price target on the stock, down previously from $6.40. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. SandRidge Energy currently has a consensus rating of “Hold” and a consensus target price of $6.85.
SandRidge Energy (NYSE:SD) traded up 2.90% during mid-day trading on Tuesday, hitting $5.33. The stock had a trading volume of 2,685,604 shares. SandRidge Energy has a 52-week low of $5.12 and a 52-week high of $7.43. The stock’s 50-day moving average is $5.96 and its 200-day moving average is $6.43. The company’s market cap is $2.587 billion.
SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $374.71 million for the quarter, compared to the consensus estimate of $391.90 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 27.0% on a year-over-year basis. Analysts expect that SandRidge Energy will post $0.20 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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