ValuEngine upgraded shares of SandRidge Mississippian Trust II (NYSE:SDR) from a hold rating to a buy rating in a research report released on Friday morning.
Shares of SandRidge Mississippian Trust II (NYSE SDR) opened at $0.96 on Friday. SandRidge Mississippian Trust II has a fifty-two week low of $0.74 and a fifty-two week high of $1.59. The stock has a market capitalization of $47.96, a price-to-earnings ratio of 4.02 and a beta of 1.02.
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SandRidge Mississippian Trust II is a statutory trust. The royalty interests conveyed by SandRidge Energy, Inc (SandRidge) from its interests in certain properties in the Mississippian formation in northern Oklahoma and southern Kansas and held by the Trust are referred to as the Royalty Interests. The Trust holds Royalty Interests in specified oil and natural gas properties.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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