SandRidge Energy (NYSE:SD) posted its quarterly earnings data on Thursday. The oil and natural gas company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.22, Fidelity Earnings reports. SandRidge Energy had a negative net margin of 22.94% and a positive return on equity of 3.21%. The firm had revenue of $97.66 million for the quarter.
Shares of NYSE:SD opened at $11.06 on Friday. The firm has a market cap of $350.49 million, a price-to-earnings ratio of 13.20 and a beta of 1.15. SandRidge Energy has a 12-month low of $8.69 and a 12-month high of $21.90.
Separately, ValuEngine upgraded shares of SandRidge Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday.
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SandRidge Energy, Inc engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and North Park Basin of the United States. As of December 31, 2017, it had 2,096.8 net producing wells; approximately 643,000 net acres under lease; and two rigs drilling in the Mid-Continent and two rigs drilling in the North Park Basin, as well as total estimated proved reserves of 177.6 million barrels of oil equivalent.
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