SandRidge Energy (NYSE:SD) Announces Earnings Results

SandRidge Energy (NYSE:SD) posted its quarterly earnings data on Wednesday. The oil and natural gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.13, Zacks reports. SandRidge Energy had a net margin of 46.06% and a return on equity of 13.62%. The company had revenue of $54.42 million during the quarter, compared to analyst estimates of $49.00 million.

SandRidge Energy Stock Performance

Shares of SD stock traded down $0.77 on Wednesday, reaching $12.61. 541,130 shares of the company’s stock traded hands, compared to its average volume of 338,969. The company has a market capitalization of $467.43 million, a P/E ratio of 5.63 and a beta of 0.74. SandRidge Energy has a 12-month low of $11.96 and a 12-month high of $18.45. The business’s 50 day moving average price is $14.12 and its two-hundred day moving average price is $14.92.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SD shares. Wall Street Zen downgraded shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research upgraded shares of SandRidge Energy to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings raised shares of SandRidge Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, SandRidge Energy has a consensus rating of “Hold”.

SandRidge Energy Company Profile

SandRidge Energy, Inc is an independent oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on acquiring, developing and operating oil and gas properties in the Mid-Continent region of the United States.

SandRidge’s operations have historically centered on the Mississippian Lime formation, which extends across northern Oklahoma and southern Kansas. Its production portfolio includes crude oil, natural gas and natural gas liquids, supported by operated drilling, production and field-development activities.

Founded in 2006 by Tom Ward, SandRidge Energy became a publicly traded company and later completed a financial restructuring under Chapter 11 bankruptcy protection in 2016.