SandRidge Energy (SD) Raised to “Sell” at ValuEngine
ValuEngine upgraded shares of SandRidge Energy (NYSE:SD) from a strong sell rating to a sell rating in a research report report published on Saturday morning.
SandRidge Energy stock opened at $10.20 on Friday. SandRidge Energy has a 12 month low of $8.69 and a 12 month high of $21.90. The firm has a market capitalization of $391.55 million, a price-to-earnings ratio of 14.75 and a beta of 1.15.
SandRidge Energy (NYSE:SD) last released its earnings results on Thursday, November 8th. The oil and natural gas company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.22. SandRidge Energy had a positive return on equity of 3.23% and a negative net margin of 22.94%. The business had revenue of $97.66 million for the quarter.
About SandRidge Energy
SandRidge Energy, Inc engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and North Park Basin of the United States. As of December 31, 2017, it had 2,096.8 net producing wells; approximately 643,000 net acres under lease; and two rigs drilling in the Mid-Continent and two rigs drilling in the North Park Basin, as well as total estimated proved reserves of 177.6 million barrels of oil equivalent.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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