SandRidge Energy, Inc. (NYSE:SD) – Investment analysts at Seaport Global Securities increased their Q2 2017 earnings per share (EPS) estimates for SandRidge Energy in a note issued to investors on Monday. Seaport Global Securities analyst M. Kelly now expects that the oil and natural gas company will post earnings per share of $0.36 for the quarter, up from their prior estimate of $0.31. Seaport Global Securities currently has a “Neutral” rating and a $17.00 target price on the stock.

SD has been the topic of a number of other reports. Zacks Investment Research lowered SandRidge Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Mizuho assumed coverage on SandRidge Energy in a research report on Tuesday, April 25th. They set a “buy” rating and a $25.00 target price on the stock.

ILLEGAL ACTIVITY NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/07/26/equities-analysts-issue-forecasts-for-sandridge-energy-inc-s-q2-2017-earnings-nysesd.html.

SandRidge Energy (NYSE:SD) opened at 19.95 on Wednesday. The company has a market capitalization of $679.82 million and a PE ratio of 5.06. The company has a 50 day moving average of $18.01 and a 200 day moving average of $19.08. SandRidge Energy has a 1-year low of $15.03 and a 1-year high of $26.85.

A number of large investors have recently made changes to their positions in SD. Nomura Holdings Inc. bought a new stake in shares of SandRidge Energy during the first quarter valued at about $20,738,000. York Capital Management Global Advisors LLC bought a new stake in shares of SandRidge Energy during the first quarter valued at about $18,305,000. Vanguard Group Inc. increased its stake in shares of SandRidge Energy by 84.1% in the first quarter. Vanguard Group Inc. now owns 1,042,460 shares of the oil and natural gas company’s stock valued at $19,275,000 after buying an additional 476,198 shares during the period. Q Global Advisors LLC bought a new stake in shares of SandRidge Energy during the first quarter valued at about $8,163,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of SandRidge Energy during the first quarter valued at about $4,614,000. Institutional investors and hedge funds own 20.43% of the company’s stock.

About SandRidge Energy

SandRidge Energy, Inc is an oil and natural gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through two segments: exploration and production, which is engaged in the exploration and production of oil and natural gas properties and includes its proportionate share of the activities of the SandRidge Mississippian Trust I, SandRidge Mississippian Trust II and SandRidge Permian Trust (the Royalty Trusts), and midstream services, which coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent.

Earnings History and Estimates for SandRidge Energy (NYSE:SD)

Receive News & Ratings for SandRidge Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SandRidge Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.