Somewhat Favorable News Coverage Somewhat Unlikely to Impact SandRidge Mississippian Trust I (SDT) Stock Price
Headlines about SandRidge Mississippian Trust I (NYSE:SDT) have been trending somewhat positive on Wednesday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SandRidge Mississippian Trust I earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 45.5559953124491 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
SandRidge Mississippian Trust I (NYSE SDT) traded down 0.76% during trading on Wednesday, reaching $1.31. The company’s stock had a trading volume of 22,206 shares. SandRidge Mississippian Trust I has a 52 week low of $1.20 and a 52 week high of $1.85. The stock has a market capitalization of $36.68 million, a price-to-earnings ratio of 5.95 and a beta of 0.89. The firm has a 50 day moving average of $1.36 and a 200 day moving average of $1.44.
SandRidge Mississippian Trust I (NYSE:SDT) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter. SandRidge Mississippian Trust I had a net margin of 67.62% and a return on equity of 19.15%. The firm had revenue of $2.72 million for the quarter. Analysts expect that SandRidge Mississippian Trust I will post $2.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued a $0.0482 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.19 dividend on an annualized basis and a yield of 14.72%. SandRidge Mississippian Trust I’s dividend payout ratio is currently 90.48%.
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SandRidge Mississippian Trust I Company Profile
SandRidge Mississippian Trust I is a statutory trust formed by and among SandRidge Energy, Inc (SandRidge), The Bank of New York Mellon Trust Company, N.A., and The Corporation Trust Company. Sandridge offers various services to the Company, such as the operation of its development wells; remittance of net proceeds from the sale of associated production to the Company; administrative services, such as accounting, tax preparation, bookkeeping and informational services performed on behalf of the Company, and derivative agreement services related to production.
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