Media coverage about SandRidge Energy (NYSE:SD) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SandRidge Energy earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned news coverage about the oil and natural gas company an impact score of 47.1299928760813 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
SD has been the subject of several research reports. Zacks Investment Research downgraded SandRidge Energy from a “buy” rating to a “strong sell” rating in a research report on Wednesday, February 21st. ValuEngine downgraded SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Mizuho downgraded SandRidge Energy from a “buy” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research report on Tuesday, January 16th.
Shares of SandRidge Energy traded down $0.32, reaching $14.14, during mid-day trading on Friday, according to MarketBeat.com. 305,013 shares of the company were exchanged, compared to its average volume of 325,527. SandRidge Energy has a 52 week low of $14.00 and a 52 week high of $14.44. The company has a market capitalization of $516.20 million, a price-to-earnings ratio of 8.78 and a beta of 0.83.
SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Monday, May 7th. The oil and natural gas company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.20. SandRidge Energy had a positive return on equity of 4.38% and a negative net margin of 12.90%. The company had revenue of $87.13 million during the quarter, compared to the consensus estimate of $86.70 million. research analysts predict that SandRidge Energy will post -0.14 EPS for the current fiscal year.
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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