SandRidge Energy, Inc. engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. As of December 31, 2021, it had an interest in 817.0 net producing wells; and operated approximately 368,000 net leasehold acres in Oklahoma and Kansas, as well as total estimated proved reserves of 71.3 million barrels of oil equivalent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.
SandRidge Energy Stock Performance
Shares of SandRidge Energy stock traded up $1.05 during midday trading on Friday, reaching $17.70. 1,041,032 shares of the company's stock traded hands, compared to its average volume of 751,806. The company has a market cap of $650.12 million, a PE ratio of 4.43 and a beta of 2.44. The stock has a 50 day moving average of $19.27 and a 200-day moving average of $17.02. SandRidge Energy has a 12 month low of $6.12 and a 12 month high of $29.28.
SandRidge Energy (NYSE:SD - Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The oil and natural gas company reported $0.94 earnings per share (EPS) for the quarter. SandRidge Energy had a return on equity of 59.78% and a net margin of 65.11%. The business had revenue of $57.49 million during the quarter.
Analysts Set New Price Targets
Separately, StockNews.com raised SandRidge Energy from a "hold" rating to a "buy" rating in a report on Friday.