SandRidge Energy (NYSE:SD)‘s stock had its “hold” rating reiterated by analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. They currently have a $6.00 target price on the stock. Goldman Sachs Group Inc.’s price objective points to a potential downside of 0.66% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG raised their price target on shares of SandRidge Energy from $6.00 to $6.50 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of SandRidge Energy from $5.00 to $7.00 in a research note to investors on Wednesday, October 23rd. They now have a “hold” rating on the stock. Finally, 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, October 21st. They now have an “equal weight” rating on the stock. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.23.
SandRidge Energy (NYSE:SD) traded down 7.22% on Wednesday, hitting $6.04. 47,437,472 shares of the company’s stock traded hands. SandRidge Energy has a 1-year low of $4.52 and a 1-year high of $7.47. The stock’s 50-day moving average is $6.22 and its 200-day moving average is $5.43. The company’s market cap is $2.894 billion. SandRidge Energy also was the target of some unusual options trading activity on Wednesday. Stock traders acquired 23,594 put options on the stock. This represents an increase of approximately 327% compared to the average volume of 5,531 put options.
SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.05. The company had revenue of $493.60 million for the quarter, compared to the consensus estimate of $448.62 million. During the same quarter last year, the company posted $0.05 earnings per share. SandRidge Energy’s revenue was down 7.4% compared to the same quarter last year. Analysts expect that SandRidge Energy will post $0.08 EPS for the current fiscal year.
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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