SandRidge Energy Target of Unusually Large Options Trading (SD)
Shares of SandRidge Energy (NYSE:SD) were the target of unusually large options trading activity on Tuesday. Traders purchased 9,907 call options on the stock, AmericanBankingNews.com reports. This is an increase of 136% compared to the average daily volume of 4,190 call options.
A number of analysts have recently weighed in on SD shares. Analysts at RBC Capital cut their price target on shares of SandRidge Energy from $7.00 to $6.00 in a research note on Tuesday. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. SandRidge Energy has an average rating of “Hold” and a consensus target price of $6.85.
SandRidge Energy (NYSE:SD) traded up 1.16% during mid-day trading on Tuesday, hitting $5.24. The stock had a trading volume of 8,446,021 shares. SandRidge Energy has a 1-year low of $5.12 and a 1-year 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 $2.543 billion.
SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, August 6th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.08 earnings per share. SandRidge Energy’s revenue was down 27.0% compared to the same quarter last year. On average, analysts predict that SandRidge Energy will post $0.20 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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