SandRidge Energy, Inc. (NYSE:SD) – Equities researchers at Seaport Global Securities lowered their Q3 2017 earnings estimates for shares of SandRidge Energy in a report issued on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and natural gas company will earn $0.06 per share for the quarter, down from their prior forecast of $0.17. Seaport Global Securities has a “Neutral” rating and a $17.00 price objective on the stock. Seaport Global Securities also issued estimates for SandRidge Energy’s Q4 2017 earnings at $0.11 EPS, FY2017 earnings at $1.06 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $0.24 EPS.
Other equities analysts have also issued research reports about the stock. Mizuho started coverage on shares of SandRidge Energy in a research report on Tuesday, April 25th. They issued a “buy” rating and a $25.00 target price for the company. Zacks Investment Research upgraded shares of SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 1st.
Shares of SandRidge Energy (NYSE SD) opened at 18.19 on Friday. The stock has a market cap of $621.75 million and a P/E ratio of 1.82. SandRidge Energy has a 12-month low of $15.03 and a 12-month high of $26.85. The company’s 50-day moving average is $18.27 and its 200-day moving average is $18.86.
Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA acquired a new position in SandRidge Energy during the second quarter valued at $119,000. Legal & General Group Plc acquired a new position in SandRidge Energy during the second quarter valued at $152,000. Kirr Marbach & Co. LLC IN acquired a new position in SandRidge Energy during the first quarter valued at $200,000. California Public Employees Retirement System acquired a new position in SandRidge Energy during the first quarter valued at $209,000. Finally, UBS Asset Management Americas Inc. acquired a new position in SandRidge Energy during the fourth quarter valued at $326,000. Institutional investors own 20.88% of the company’s stock.
SandRidge Energy Company Profile
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.
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