Q1 2018 EPS Estimates for SandRidge Energy, Inc. Raised by Seaport Global Securities (NYSE:SD)

SandRidge Energy, Inc. (NYSE:SD) – Research analysts at Seaport Global Securities boosted their Q1 2018 earnings per share (EPS) estimates for shares of SandRidge Energy in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Kelly now expects that the oil and natural gas company will post earnings of $0.10 per share for the quarter, up from their prior forecast of $0.09. Seaport Global Securities has a “Neutral” rating and a $17.00 price target on the stock.

Other analysts have also recently issued reports about the company. Mizuho initiated coverage on SandRidge Energy in a research report on Tuesday, April 25th. They set a “buy” rating and a $25.00 price objective on the stock. Zacks Investment Research upgraded SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 1st.

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SandRidge Energy (NYSE SD) traded up 0.38% during mid-day trading on Thursday, hitting $18.56. 18,787 shares of the stock were exchanged. The company has a 50-day moving average price of $18.19 and a 200-day moving average price of $18.87. SandRidge Energy has a one year low of $15.03 and a one year high of $26.85. The company has a market cap of $634.40 million and a P/E ratio of 1.85.

Several hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA purchased a new stake in SandRidge Energy during the second quarter worth about $119,000. Legal & General Group Plc purchased a new stake in SandRidge Energy during the second quarter worth about $152,000. Kirr Marbach & Co. LLC IN purchased a new stake in SandRidge Energy during the first quarter worth about $200,000. California Public Employees Retirement System purchased a new stake in SandRidge Energy during the first quarter worth about $209,000. Finally, Ingalls & Snyder LLC boosted its stake in SandRidge Energy by 4.1% in the second quarter. Ingalls & Snyder LLC now owns 15,612 shares of the oil and natural gas company’s stock worth $269,000 after buying an additional 612 shares in the last quarter. Institutional investors and hedge funds own 20.88% of the company’s stock.

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 and Estimates for SandRidge Energy (NYSE:SD)

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