SandRidge Energy, Inc. (SD) Downgraded by ValuEngine to Hold
ValuEngine cut shares of SandRidge Energy, Inc. (NYSE:SD) from a buy rating to a hold rating in a research report report published on Friday morning.
Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of SandRidge Energy from a hold rating to a sell rating in a research note on Saturday, August 12th. Seaport Global Securities downgraded shares of SandRidge Energy from a buy rating to a neutral rating and set a $17.00 price target for the company. in a report on Wednesday, June 21st.
SandRidge Energy (NYSE SD) opened at 18.47 on Friday. SandRidge Energy has a one year low of $15.03 and a one year high of $26.85. The firm has a market cap of $631.32 million and a price-to-earnings ratio of 1.85. The firm has a 50-day moving average of $18.22 and a 200-day moving average of $18.42.
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Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA bought a new position in shares of SandRidge Energy during the 2nd quarter worth about $119,000. Legal & General Group Plc bought a new position in shares of SandRidge Energy during the 2nd quarter worth about $152,000. California Public Employees Retirement System bought a new position in shares of SandRidge Energy during the 1st quarter worth about $209,000. UBS Asset Management Americas Inc. bought a new position in shares of SandRidge Energy during the 4th quarter worth about $326,000. Finally, Ingalls & Snyder LLC lifted its holdings in shares of SandRidge Energy by 4.1% during the 2nd quarter. Ingalls & Snyder LLC now owns 15,612 shares of the oil and natural gas company’s stock worth $269,000 after acquiring an additional 612 shares during the period. 70.93% of the stock is owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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