SandRidge Energy, Inc. (NYSE:SD) – Seaport Global Securities reduced their Q1 2018 EPS estimates for SandRidge Energy in a research note issued on Tuesday, April 3rd. Seaport Global Securities analyst M. Kelly now forecasts that the oil and natural gas company will post earnings per share of ($0.06) for the quarter, down from their prior estimate of $0.12. Seaport Global Securities also issued estimates for SandRidge Energy’s Q2 2018 earnings at ($0.14) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at $0.12 EPS and FY2018 earnings at ($0.15) EPS.
SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.15. SandRidge Energy had a net margin of 13.17% and a return on equity of 6.18%. The business had revenue of $93.21 million for the quarter, compared to analysts’ expectations of $86.70 million.
SD has been the topic of several other reports. Mizuho cut shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Tuesday, January 16th. ValuEngine cut shares of SandRidge Energy from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Zacks Investment Research cut shares of SandRidge Energy from a “buy” rating to a “strong sell” rating in a report on Wednesday, February 21st.
SandRidge Energy stock opened at $13.68 on Thursday. SandRidge Energy has a fifty-two week low of $13.02 and a fifty-two week high of $21.90. The stock has a market cap of $475.46, a P/E ratio of 8.50 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 0.98.
A number of institutional investors have recently added to or reduced their stakes in SD. Meeder Asset Management Inc. boosted its stake in SandRidge Energy by 3,252.5% in the fourth quarter. Meeder Asset Management Inc. now owns 6,772 shares of the oil and natural gas company’s stock valued at $142,000 after acquiring an additional 6,570 shares during the last quarter. SG Americas Securities LLC purchased a new position in SandRidge Energy in the third quarter valued at about $191,000. Quadrature Capital Ltd purchased a new position in SandRidge Energy in the fourth quarter valued at about $210,000. AMP Capital Investors Ltd purchased a new position in SandRidge Energy in the fourth quarter valued at about $225,000. Finally, Teacher Retirement System of Texas purchased a new position in SandRidge Energy in the fourth quarter valued at about $231,000. Institutional investors and hedge funds own 86.83% of the company’s stock.
In related news, CFO Julian Mark Bott sold 2,373 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $21.00, for a total transaction of $49,833.00. Following the transaction, the chief financial officer now directly owns 157,641 shares in the company, valued at $3,310,461. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is currently owned by insiders.
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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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