Does SandRidge Energy Inc. (SD) offer a good opportunity for investors?

SandRidge Energy Inc. (NYSE: SD) stock fell -1.46% on Thursday to $16.24 against a previous-day closing price of $16.48. With 0.56 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.35 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $16.83 whereas the lowest price it dropped to was $16.10. The 52-week range on SD shows that it touched its highest point at $19.53 and its lowest point at $11.18 during that stretch. With its current market cap of 587.73 million, SD has annualized dividend of $0.40 while the current yield stands at 2.46%. Beta for the stock currently stands at 2.39.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SD was up-trending over the past week, with a rise of 0.06%, but this was up by 1.63% over a month. Three-month performance surged to 17.26% while six-month performance rose 40.37%. The stock lost -0.37% in the past year, while it has gained 7.65% so far this year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -6.10%.

Float and Shares Shorts:

At present, 36.89 million SD shares are outstanding with a float of 36.40 million shares on hand for trading. On Aug 14, 2023, short shares totaled 1.14 million, which was 3.10% higher than short shares on Jul 13, 2023. In addition to Mr. Grayson R. Pranin as the firm’s Pres, CEO & COO, Mr. Salah I. Gamoudi serves as its Exec. VP, CFO & Chief Accounting Officer.

Institutional Ownership:

Through their ownership of 60.42% of SD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 38.75% of SD, in contrast to 26.82% held by mutual funds. Shares owned by individuals account for 19.18%. As the largest shareholder in SD with 13.06% of the stake, Icahn Associates Holding LLC holds 4,818,832 shares worth 4,818,832. A second-largest stockholder of SD, The Vanguard Group, Inc., holds 1,571,629 shares, controlling over 4.26% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in SD, holding 1,425,240 shares or 3.86% stake. With a 2.53% stake in SD, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 933,349 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.54% of SD stock, is the second-largest Mutual Fund holder. It holds 567,830 shares valued at 9.7 million. Vanguard Extended Market Index Fu holds 1.18% of the stake in SD, owning 435,571 shares worth 7.44 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SD reported revenue of $69.76M and operating income of $48.94M. The EBITDA in the recently reported quarter was $53.34M and diluted EPS was $1.30.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SD analysts setting a high price target of $6.62 and a low target of $6.62, the average target price over the next 12 months is $6.62. Based on these targets, SD could drop -59.24% to reach the target high and fall by -59.24% to reach the target low. Reaching the average price target will result in a decline of -59.24% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded SD stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 80,063 while 6,856 shares were sold.

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