SandRidge Energy, Inc. (NYSE:SD) – Research analysts at Seaport Global Securities raised their Q1 2018 earnings per share estimates for SandRidge Energy in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Kelly now expects that the oil and natural gas company will earn $0.10 per share for the quarter, up from their previous estimate of $0.09. Seaport Global Securities has a “Neutral” rating and a $17.00 price objective on the stock.
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Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of SandRidge Energy from a “hold” rating to a “sell” rating in a report on Saturday. Mizuho assumed coverage on shares of SandRidge Energy in a report on Tuesday, April 25th. They issued a “buy” rating and a $25.00 price target for the company.
SandRidge Energy (NYSE:SD) opened at 17.94 on Thursday. SandRidge Energy has a 52-week low of $15.03 and a 52-week high of $26.85. The company has a market capitalization of $613.21 million and a price-to-earnings ratio of 1.79. The firm has a 50 day moving average of $18.34 and a 200-day moving average of $18.84.
A number of large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA acquired a new stake in shares of SandRidge Energy during the second quarter valued at about $119,000. Legal & General Group Plc acquired a new stake in shares of SandRidge Energy during the second quarter valued at about $152,000. Kirr Marbach & Co. LLC IN acquired a new stake in shares of SandRidge Energy during the first quarter valued at about $200,000. California Public Employees Retirement System acquired a new stake in shares of SandRidge Energy during the first quarter valued at about $209,000. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of SandRidge Energy by 28.0% in the second quarter. UBS Asset Management Americas Inc. now owns 14,645 shares of the oil and natural gas company’s stock valued at $252,000 after buying an additional 3,200 shares during the period. 20.88% of the stock is currently owned by institutional investors.
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.
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