The price of SandRidge Energy Inc. (NYSE:SD) shares last traded on Wall Street rose 2.71% to $17.03.
Based on available information, 1 analysts follow SandRidge Energy Inc. (NYSE:SD). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.62 and a low of $6.62, we find $6.62. Given the previous closing price of $16.58, this indicates a potential downside of -60.07 percent. SD stock price is now -9.55% away from the 50-day moving average and -9.09% away from the 200-day moving average. The market capitalization of the company currently stands at $611.38M.
Among analysts, 1 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $6.62 as their price target over the next twelve months.
With the price target reduced from $25 to $17, Seaport Global Securities Downgraded its rating from Buy to Neutral for SandRidge Energy Inc. (NYSE: SD). .
Insiders disposed of 45,137 shares of company stock worth roughly $0.77 million over the past 1 year. A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SD stock. A new stake in SandRidge Energy Inc. shares was purchased by AQR CAPITAL MANAGEMENT LLC during the first quarter worth $1,861,000. CAPTION MANAGEMENT, LLC invested $1,576,000 in shares of SD during the first quarter. In the first quarter, TEACHER RETIREMENT SYSTEM OF TEXAS acquired a new stake in SandRidge Energy Inc. valued at approximately $834,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC acquired a new stake in SD for approximately $717,000. ALGERT GLOBAL LLC purchased a new stake in SD valued at around $413,000 in the second quarter. In total, there are 196 active investors with 68.30% ownership of the company’s stock.
A candlestick chart of SandRidge Energy Inc. (NYSE: SD) showed a price of $16.41 on Friday morning. During the past 12 months, SandRidge Energy Inc. has had a low of $9.07 and a high of $29.28. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.90, and a quick ratio of 3.90. The fifty day moving average price for SD is $18.81 and a two-hundred day moving average price translates $18.75 for the stock.
The latest earnings results from SandRidge Energy Inc. (NYSE: SD) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $0.15, beating analysts’ expectations of -$0.41 by 0.56. This compares to $0.77 EPS in the same period last year. The net profit margin was 68.80% and return on equity was 56.20% for SD. The company reported revenue of $70.9 million for the quarter, compared to $46.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.2 percent.
SandRidge Energy Inc.(SD) Company Profile
SandRidge Energy, Inc. engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. As of December 31, 2021, it had an interest in 817.0 net producing wells; and operated approximately 368,000 net leasehold acres in Oklahoma and Kansas, as well as total estimated proved reserves of 71.3 million barrels of oil equivalent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.