SandRidge Energy, Inc. (SD) Insider Sells $2,112,000.00 in Stock
SandRidge Energy, Inc. (NYSE:SD) insider James Donald Bennett sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $21.12, for a total value of $2,112,000.00. Following the transaction, the insider now directly owns 359,148 shares in the company, valued at $7,585,205.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
SandRidge Energy, Inc. (NYSE:SD) traded up $0.55 during midday trading on Wednesday, hitting $21.66. The company had a trading volume of 500,495 shares, compared to its average volume of 578,547. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.04. SandRidge Energy, Inc. has a one year low of $14.65 and a one year high of $23.80. The company has a market capitalization of $752.91 and a price-to-earnings ratio of -1.38.
SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.13. SandRidge Energy had a positive return on equity of 9.09% and a negative net margin of 73.96%. The company had revenue of $80.89 million for the quarter, compared to analyst estimates of $77.60 million. research analysts predict that SandRidge Energy, Inc. will post 1.45 EPS for the current year.
Several research firms recently weighed in on SD. ValuEngine lowered SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Zacks Investment Research lowered SandRidge Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th.
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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.
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