Media stories about SandRidge Energy (NYSE:SD) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SandRidge Energy earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the oil and natural gas company an impact score of 45.2192297018102 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
A number of research firms have recently commented on SD. ValuEngine upgraded SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered SandRidge Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th.
SandRidge Energy (NYSE:SD) opened at $18.34 on Wednesday. SandRidge Energy has a 12 month low of $14.65 and a 12 month high of $24.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $663.74 and a PE ratio of 8.38.
SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.13. SandRidge Energy had a positive return on equity of 9.09% and a negative net margin of 73.96%. The firm had revenue of $80.89 million for the quarter, compared to analyst estimates of $77.60 million. equities analysts anticipate that SandRidge Energy will post 1.11 EPS for the current fiscal year.
In other SandRidge Energy news, major shareholder Carl C. Icahn bought 869,184 shares of SandRidge Energy stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of $16.11 per share, with a total value of $14,002,554.24. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Carl C. Icahn bought 1,257,242 shares of SandRidge Energy stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average cost of $16.34 per share, for a total transaction of $20,543,334.28. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.
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About SandRidge Energy
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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