SandRidge Energy Given Average Rating of “Hold” by Analysts (NYSE:SD)
Shares of SandRidge Energy (NYSE:SD) have been given a consensus rating of “Hold” by the eleven brokerages that are covering the company, AmericanBankingNews.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $6.85.
Shares of SandRidge Energy (NYSE:SD) opened at 5.22 on Thursday. SandRidge Energy has a one year low of $5.12 and a one year high of $7.43. The stock has a 50-day moving average of $5.87 and a 200-day moving average of $6.42. The company’s market cap is $2.533 billion. SandRidge Energy also was the recipient of some unusual options trading on Tuesday. Stock investors acquired 9,907 call options on the company. This represents an increase of approximately 136% compared to the typical daily volume of 4,190 call options.
SandRidge Energy (NYSE:SD) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue 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.
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.
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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