SandRidge Energy (NYSE:SD) had its price target increased by Wunderlich from $5.00 to $7.00 in a research report sent to investors on Wednesday morning, AnalystRatings.Net reports. The firm currently has a hold rating on the stock.
Wunderlich has also updated their ratings on a number of other energy stocks in the last week. The firm raised its price target on shares of Diamondback Energy Inc. from $55.00 to $65.00. They have a buy rating on that stock. Also, Wunderlich raised its price target on shares of Clayton Williams Energy Inc. from $83.00 to $100.00. They have a buy rating on that stock. Finally, Wunderlich raised its price target on shares of Triangle Petroleum Corp. from $12.00 to $15.00.
SandRidge Energy (NYSE:SD) traded down 2.42% on Wednesday, hitting $6.46. 11,751,755 shares of the company’s stock traded hands. SandRidge Energy has a 52 week low of $4.52 and a 52 week high of $7.80. The stock’s 50-day moving average is $5.34 and its 200-day moving average is $5.20. The company’s market cap is $3.095 billion. SandRidge Energy also saw some unusual options trading activity on Friday. Stock traders acquired 56,092 put options on the company. This represents an increase of approximately 812% compared to the typical daily volume of 6,149 put options.
SandRidge Energy (NYSE:SD) last announced its earnings results on Tuesday, August 6th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.12. The company had revenue of $512.98 million for the quarter, compared to the consensus estimate of $432.11 million. During the same quarter last year, the company posted $0.07 earnings per share. SandRidge Energy’s revenue was up 7.2% compared to the same quarter last year.
A number of other analysts have also recently weighed in on SD. Analysts at Goldman Sachs Group Inc. reiterated a hold rating on shares of SandRidge Energy in a research note to investors on Monday. They now have a $6.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of SandRidge Energy from $5.00 to $6.00 in a research note to investors on Monday. They now have an equal weight rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of SandRidge Energy from $5.00 to $7.00 in a research note to investors on Friday, October 18th. They now have a neutral rating on the stock. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $6.20.
SandRidge Energy, Inc is an independent oil and natural gas company. The Company is engaged in development and production activities in the Mid-Continent, Gulf of Mexico and Permian Basin in west Texas.
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