SandRidge Energy, Inc. (NYSE:SD) – Analysts at Seaport Global Securities lifted their Q3 2017 earnings per share (EPS) estimates for shares of SandRidge Energy in a research report issued to clients and investors on Monday, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now anticipates that the oil and natural gas company will post earnings of $0.11 per share for the quarter, up from their prior forecast of $0.06. Seaport Global Securities also issued estimates for SandRidge Energy’s FY2017 earnings at $1.11 EPS.
A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of SandRidge Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine downgraded shares of SandRidge Energy from a “buy” rating to a “hold” rating in a report on Friday, September 8th.
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Shares of SandRidge Energy (SD) traded up $0.17 during trading hours on Wednesday, hitting $19.44. 158,700 shares of the company were exchanged, compared to its average volume of 185,034. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.04. SandRidge Energy has a 1 year low of $15.03 and a 1 year high of $25.33. The company has a market cap of $687.10 and a P/E ratio of 8.68.
SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.22 by $0.13. SandRidge Energy had a negative net margin of 73.96% and a positive return on equity of 9.09%. The business had revenue of $80.89 million during the quarter, compared to the consensus estimate of $77.60 million.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Investors Inc. PA lifted its stake in SandRidge Energy by 16.0% in the second quarter. Federated Investors Inc. PA now owns 582,650 shares of the oil and natural gas company’s stock worth $10,027,000 after purchasing an additional 80,495 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of SandRidge Energy by 144.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 99,024 shares of the oil and natural gas company’s stock worth $1,705,000 after acquiring an additional 58,556 shares during the period. Kirr Marbach & Co. LLC IN increased its position in shares of SandRidge Energy by 56.9% during the second quarter. Kirr Marbach & Co. LLC IN now owns 16,955 shares of the oil and natural gas company’s stock worth $292,000 after acquiring an additional 6,150 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of SandRidge Energy during the second quarter worth approximately $1,355,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of SandRidge Energy during the first quarter worth approximately $4,614,000. 19.83% of the stock is owned by institutional investors and hedge funds.
SandRidge Energy Company Profile
SandRidge Energy, Inc is an oil and natural gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through two segments: exploration and production, which is engaged in the exploration and production of oil and natural gas properties and includes its proportionate share of the activities of the SandRidge Mississippian Trust I, SandRidge Mississippian Trust II and SandRidge Permian Trust (the Royalty Trusts), and midstream services, which coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent.
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