SandRidge Mississippian Trust II (SDRMU) Stock Price, News & Analysis

Company Overview

SandRidge Mississippian Trust II is a statutory trust established to hold overriding royalty interests in oil, condensate and natural gas production from properties located in the Mississippian Lime play of north-central Oklahoma. The trust’s assets were contributed by SandRidge Energy and are comprised of royalty rights in designated wells and spacing units across several counties, including Garfield, Kingfisher, Blaine, Dewey and Canadian. As a passive investment vehicle, the trust does not engage in drilling or operational activities; instead, it receives and distributes proceeds from production royalties.

Production operations on the underlying properties are carried out by third-party operators under established leases and joint-venture agreements. Revenue is generated when hydrocarbons are produced and sold, with the trust retaining a contractual share of net profits after allowable deductions. Distributions to unitholders are made periodically, reflecting actual production levels, commodity pricing and operational costs incurred by the operators.

The trust is administered by a professional trustee, U.S. Bank National Association, which oversees asset management, revenue collection and distribution processes in accordance with the trust agreement. As an unmanaged statutory trust, SandRidge Mississippian Trust II does not have a traditional executive management team; governance is defined by the trust indenture and relevant state statutes. The structure provides investors with a direct economic interest in Mississippian Lime production without exposure to upstream exploration or capital expenditure risk.

Key Stats

• Today's Range: $0.13 to $0.13
• 50-Day Range: $0.13 to $0.13
• 52-Week Range: $0.05 to $0.20
• Volume: 88,200 shs
• Average Volume: 84,724 shs
• Market Capitalization: $6.37 million
• P/E Ratio: 1.83
• Dividend Yield: 390.32%
• Price Target: N/A
• Consensus Rating: N/A

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Energy
• Industry: Oil, Gas & Consumable Fuels
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: OTCMKTS:SDRMU
• CIK: N/A
• Web: www.sandridgeenergy.com
• Phone: 512 236 6555
• Fax: N/A
• Employees: 9
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: 1.83
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $5.88 million
• Net Margins: 46.24%
• Pretax Margin: N/A
• Return on Equity: 23.94%
• Return on Assets: 23.94%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $10.15 million
• Price / Sales: 0.63
• Cash Flow: $0.13 per share
• Price / Cash Flow: 0.96
• Book Value: $0.35 per share
• Price / Book: 0.37

Miscellaneous

• Outstanding Shares: 49,730,000
• Free Float: N/A
• Market Cap: $6.37 million
• Optionable: Not Optionable
• Beta: 1.70