How have the shares performed?
SandRidge Energy Inc. (SD) saw an uptrend of 5.23% in the recent trading with $5.23 being its most recent. The current price level -9.52% lower than the highest price of $5.78 marked by the stock while trading over the past 52-weeks, whereas it is 371.17% higher than the lowest price of $1.11 the company dropped to over past 52-weeks. The latest news story on SD appeared in Simply Wall St. under the title “Is SandRidge Energy (NYSE:SD) A Risky Investment?” on May-13-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -4.39% below one month high and is +34.10% above of the lowest during that time. Looking into the simple moving average, SandRidge Energy Inc. (SD)’s stock stands at a SMA-50 of $4.24 while that of 5-day is reading $5.15.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and SD’s SMA-200 as of now is $3.32.
SandRidge Energy Inc. Earnings – What Happened With SD
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. SandRidge Energy Inc. (SD) last released financial results for the quarter that ended 9/29/2020, posting a surprise factor of 136.60% for net revenue.
SD – SandRidge Energy Inc. Stock Earnings Estimates
The perspective of SandRidge Energy Inc. (NYSE:SD)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.41 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 0.15.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 36.16 million. SD does have institutional investors; and they hold 48.30% of the stock.
SandRidge Energy Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 3 new insider purchases involving 455,924 shares. On the other hand, SD declared 130,575 shares have been sold in 3 insider transactions over the past three months.
As on Mar 30, 2021, Icahn, Carl, C. was the top most holder in SandRidge Energy Inc. (NYSE:SD) with an ownership of 4.82 million shares of the company or 13.20% of the stake worth $18.84 million. The filing also reveals Cannell Capital LLC as the second largest holder in the company with a control over 7.85% of the outstanding shares. Its stake is worth $11.21 million for having 2.87 million shares in hand.
Vanguard Group, Inc. (The) also came holding a key position in the company during the recent quarter and it now holds 3.54% of the outstanding shares. With this there are now 103 institutions which have possession in SD’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by SandRidge Energy Inc. was 0.74 while posting a debt to equity ratio of 0.00. The count was 15.62 for long-term debt to equity ratio.
SandRidge Energy Inc.’s return on equity, or ROE, is -154.60%, compared to the industry average of -3.78% for Energy – Oil & Gas E&P. Although this indicates that SD fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of SandRidge Energy Inc. (NYSE:SD) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for SandRidge Energy Inc. (SD), we notice that the stock’s 20-day average volume is at 382,905 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 336,312 shares. And to end, SD’s 100-day average volume is 451,083 shares with 100% of the long-term indicators pointing towards Buy for the stock.