SandRidge Energy, Inc. (SD) Announces Earnings Results

SandRidge Energy, Inc. (NYSE:SD) posted its earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.13, Bloomberg Earnings reports. SandRidge Energy had a positive return on equity of 9.09% and a negative net margin of 73.96%. The company had revenue of $80.89 million for the quarter, compared to the consensus estimate of $77.60 million.

Shares of SandRidge Energy (NYSE SD) traded up $0.32 during midday trading on Friday, hitting $16.57. The stock had a trading volume of 1,929,588 shares, compared to its average volume of 483,147. SandRidge Energy has a twelve month low of $14.65 and a twelve month high of $24.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $590.99 and a PE ratio of 7.46.

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A number of research firms have commented on SD. Zacks Investment Research upgraded SandRidge Energy from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, October 26th. ValuEngine upgraded SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd.

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.

Earnings History for SandRidge Energy (NYSE:SD)

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