SandRidge Energy, Inc. (NYSE:SD) – Stock analysts at Seaport Global Securities boosted their Q3 2017 EPS estimates for shares of 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 earn $0.17 per share for the quarter, up from their prior forecast of $0.12. Seaport Global Securities currently has a “Neutral” rating and a $17.00 target price on the stock. Seaport Global Securities also issued estimates for SandRidge Energy’s Q4 2017 earnings at $0.24 EPS, FY2017 earnings at $1.44 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.11 EPS and FY2018 earnings at $0.43 EPS.

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Several other equities research analysts have also weighed in on SD. Mizuho started coverage on SandRidge Energy in a research note on Tuesday, April 25th. They set a “buy” rating and a $25.00 price objective for the company. Zacks Investment Research lowered SandRidge Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 26th.

Shares of SandRidge Energy (NYSE:SD) opened at 19.59 on Thursday. SandRidge Energy has a 12 month low of $15.03 and a 12 month high of $26.85. The stock has a market capitalization of $667.55 million and a P/E ratio of 4.97. The stock has a 50 day moving average price of $18.04 and a 200 day moving average price of $19.06.

Several large investors have recently added to or reduced their stakes in SD. UBS Asset Management Americas Inc. acquired a new stake in shares of SandRidge Energy during the fourth quarter valued at approximately $326,000. Kirr Marbach & Co. LLC IN acquired a new stake in shares of SandRidge Energy during the first quarter valued at approximately $200,000. Bank of New York Mellon Corp boosted its stake in shares of SandRidge Energy by 17.7% in the first quarter. Bank of New York Mellon Corp now owns 17,238 shares of the oil and natural gas company’s stock valued at $319,000 after buying an additional 2,588 shares during the period. Trexquant Investment LP boosted its stake in shares of SandRidge Energy by 213.2% in the first quarter. Trexquant Investment LP now owns 31,643 shares of the oil and natural gas company’s stock valued at $585,000 after buying an additional 21,541 shares during the period. Finally, United Services Automobile Association boosted its stake in shares of SandRidge Energy by 65.3% in the first quarter. United Services Automobile Association now owns 121,955 shares of the oil and natural gas company’s stock valued at $2,255,000 after buying an additional 48,170 shares during the period. 20.43% of the stock is owned by institutional investors and hedge funds.

SandRidge Energy Company Profile

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)

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