SandRidge Energy, Inc. (SD) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS
SandRidge Energy, Inc. (NYSE:SD) announced its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.13, Bloomberg Earnings reports. SandRidge Energy had a positive return on equity of 9.47% and a negative net margin of 73.96%. The business had revenue of $80.89 million for the quarter, compared to analyst estimates of $77.60 million.
SandRidge Energy (SD) traded down $0.03 on Friday, reaching $18.74. The company had a trading volume of 226,252 shares, compared to its average volume of 172,076. The stock has a market capitalization of $670.91 and a price-to-earnings ratio of 8.44.
SD has been the topic of several research reports. Zacks Investment Research raised SandRidge Energy from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, October 26th. ValuEngine raised SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.
COPYRIGHT VIOLATION NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/11/03/sandridge-energy-inc-sd-releases-quarterly-earnings-results-beats-estimates-by-0-13-eps.html.
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.
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.