Analysis Of The Weekly Performance Of SandRidge Energy Inc. (SD)

SandRidge Energy Inc. (NYSE:SD) finished Friday with an addition of $0.45 to close at $11.93, an upside of 3.92 percent. An average of 734,260 shares of common stock have been traded in the last five days. There was a gain of $0.41 in the past week, and it reached a new high 48 times over the past 12 months. The last 20 days have seen an average of 1,007,500 shares traded, while the 50-day average volume stands at 891,902.

SD stock has increased by 3.92% in the last month. The company shares reached their 1-month lowest point of $10.96 on 09/23/21. With the stock rallying to its 52-week high on 10/04/21, shares of the company touched a low of $1.62 and a high of $14.78 in 52 weeks. It has reached a new high 37 times so far this year and achieved 284.84% or $8.83 in price. In spite of this, the price is down -19.28% from the 52-week high.


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Valuation Metrics

SandRidge Energy Inc. (SD) has a trailing price-to-earnings (P/E) ratio of 2386.00, which compares with the 18.90 for the broader industry and 20.20 for the sector. In the last five years, SandRidge Energy Inc.’s PE ratio has ranged between 458.00 and 3.215. The stock’s beta is 2.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.71, the price-to-book (PB) ratio at 2.42, and the price-to-cash flow ratio at 7.92.

The quick ratio of SandRidge Energy Inc. for the three months ended September 29 was 1.90, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.11 and a total debt to equity ratio of 0.00 for the quarter ending September 29. SandRidge Energy Inc.’s EBITDA margin for the year ending September 29 is 40.34%, while its operating margin for the same period stands at 4.60%. Its gross profit as reported stood at $61.91 million compared to revenue of $114.98 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SandRidge Energy Inc.’s return on assets was 0.90%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

For the three-month period that ended September 29, SandRidge Energy Inc. had $20.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $16.25 million in the quarter, while revenues were grew 1427.88%. The analyst consensus anticipated SandRidge Energy Inc.’s latest quarter earnings to come in at -$0.41 per share, but it turned out to be $0.15, a 136.60% surprise. For the quarter, EBITDA amounted to $19.74 million. Shareholders own equity worth $36.59 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at SandRidge Energy Inc. (SD) price momentum. RSI 9-day as of the close on 22 October was 47.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.81%.

As of today, SD’s price is $11.77 +3.56% or $0.41 from its 5-day moving average. SD is currently trading +3.11% higher than its 20-day SMA and +95.89% higher than its 100-day SMA. However, the stock’s current price level is +40.35% above the SMA50 and +222.43% above the SMA200.

The stochastic %K and %D were 20.70% and 17.68%, respectively, and the average true range (ATR) was 0.90. With the 14-day stochastic at 24.06% and the average true range at 0.91, the RSI (14) stands at 50.61%. The stock has reached -0.11 on the 9-day MACD Oscillator while the 14-day reading was at -0.55.

Analyst Ratings

Seaport Global Securities downgraded SandRidge Energy Inc. (NYSE: SD) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for SandRidge Energy Inc. (SD) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SD, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is SD’s price target for the next 12 months?

Analysts predict a range of price targets between $6.62 and $6.62, with a median target of $6.62. Taking a look at these predictions, the average price target given by analysts for SandRidge Energy Inc. (SD) stock is $6.62.

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