SandRidge Energy Inc. (NYSE:SD) price is hovering higher on Wednesday, September 15, jumping 12.86% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $10.81, with intraday deals fluctuating between $10.66 and $11.43. The company’s 5Y monthly beta was ticking 3.28 while its P/E ratio in the trailing 12-month period read 2162.00. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.58 and 52-week low of $1.55. The stock added 23.40% on its value in the past month.
SandRidge Energy Inc., which has a market valuation of $391.65 million, is expected to release its quarterly earnings report Mar 04, 2021. Analysts tracking SD have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0 for the year 2021 and up to $0 for 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SD a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned SD a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the SandRidge Energy Inc. (SD) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 432.40. The overview shows that SD’s price is at present 30.08% off the SMA20 and 63.31% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 79.94, with weekly volatility standing at 5.75%. The indicator jumps to 6.53% when calculated based on the past 30 days. SandRidge Energy Inc. (NYSE:SD)’s beta value is holding at 3.29, while the average true range (ATR) indicator is currently reading 0.63. Considering analysts have assigned the stock a price target range of $6.62-$6.62 as the low and high respectively, we find the trailing 12-month average consensus price target to be $6.62. Based on this estimate, we see that today’s price at last check is roughly 45.74% off the estimated low and 45.74% off the forecast high. Investors will no doubt be excited to see the share price rise to $6.62, which is the median consensus price, and at that level SD would be 45.74% from recent price.
Turning out attention to how the SandRidge Energy Inc. stock has performed in comparison to its peers in the industry, here’s what we find: SD’s stock is 12.86% on the day and 551.20% in the past 12 months, while PBF Logistics LP (PBFX) traded 1.73% in the latest session and is positioned 35.08% up on its price 12 months ago. Also, Par Pacific Holdings Inc. (PARR) is currently showing up trend of 3.30% while its price kept floating at 101.73% over the past year. As for SandRidge Energy Inc., the P/E ratio stands at 2162.00 higher than that of PBF Logistics LP’s at 5.09. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.20%.
An analysis of the SandRidge Energy Inc. (NYSE:SD) stock in terms of its daily trading volume indicates that the 3-month average is 658.57K. However, this figure increases on the past 10-day timeline to an average of 0.83 million.
Current records show that the company has 36.42M in outstanding shares. The insiders’ percentage holdings are 1.70% of outstanding shares while the percentage share held by institutions stands at 51.40%. The stats also highlight that short interest as of Jul 14, 2021, stood at 0.61 million shares, which puts the short ratio at the time at 1.41. From this we can glean that short interest is 1.68% of company’s current outstanding shares. Notably, we see that shares short in July rose slightly given the previous month’s figure stood at 0.43 million. But the 248.71% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.