Sandridge Energy Inc (NYSE:SD) shares traded -0.41% lower at $14.42 on Wall Street last session.
In accordance with the data, 1 analysts cover 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 $14.48, this indicates a potential downside of -54.28 percent. SD stock price is now -6.75% away from the 50-day moving average and -1.17% away from the 200-day moving average. The market capitalization of the company currently stands at $534.84M.
It has been rated a hold by 1 analysts and a buy by 0. 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).
In other news, Pranin Grayson R, President, CEO and COO sold 4,742 shares of the company’s stock on Sep 06. The stock was sold for $76,670 at an average price of $16.17. Upon completion of the transaction, the President, CEO and COO now directly owns 127,805 shares in the company, valued at $1.84 million. Insiders disposed of 94,165 shares of company stock worth roughly $1.36 million over the past 1 year. A total of 2.65% of the company’s stock is owned by insiders.
Sandridge Energy Inc (NYSE: SD) opened at $14.25 on Wednesday. During the past 12 months, Sandridge Energy Inc has had a low of $11.18 and a high of $18.51. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.72, and a quick ratio of 4.72. According to the stock market information, the enterprise value for the company is $306.38M, which is based on a 3.26 price-to-earnings ratio, a 0.65 price-to-earnings-growth ratio, and a beta of 2.22. The fifty day moving average price for SD is $15.46 and a two-hundred day moving average price translates $15.20 for the stock.
The latest earnings results from Sandridge Energy Inc (NYSE: SD) was released for Sep, 2023. 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 $1.45 EPS in the same period last year. The net profit margin was 96.17% and return on equity was 38.57% for SD. The company reported revenue of $38.15 million for the quarter, compared to $70.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -46.19 percent.
