SandRidge Energy Inc. (NYSE:SD) shares, rose in value on Wednesday, 08/03/22, with the stock price down by -1.58% to the previous day’s close as strong demand from buyers drove the stock to $17.48.
Actively observing the price movement in the last trading, the stock closed the session at $17.76, falling within a range of $16.54 and $17.99. The value of beta (5-year monthly) was 2.48 whereas the PE ratio was 5.59 over 12-month period. Referring to stock’s 52-week performance, its high was $29.28, and the low was $5.45. On the whole, SD has fluctuated by 15.38% over the past month.
With the market capitalization of SandRidge Energy Inc. currently standing at about $642.56 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 01, 2022 – Mar 07, 2022.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SD’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 1 analyst(s), 0 recommend it as a Buy and 0 called the SD stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 1.12, with the price of SD currently trading nearly 3.05% and -11.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.11, while the 7-day volatility ratio is showing 6.53% which for the 30-day chart, stands at 6.81%. Furthermore, SandRidge Energy Inc. (SD)’s beta value is 2.46, and its average true range (ATR) is 1.29. The company’s stock has been forecasted to trade at an average price of $6.62 over the course of the next 52 weeks, with a low of $6.62 and a high of $6.62. Based on these price targets, the low is 62.13% off current price, whereas the price has to move 62.13% to reach the yearly target high. Additionally, analysts’ median price of $6.62 is likely to be welcomed by investors because it represents an increase of 62.13% from the current levels.
A comparison of SandRidge Energy Inc. (SD) with its peers suggests the former has fared considerably weaker in the market. SD showed an intraday change of -1.58% in last session, and over the past year, it grew by 206.67%%. In comparison, PBF Logistics LP (PBFX) has moved lower at -0.11% on the day and was up 38.50% over the past 12 months. Additionally, there is a loss of -0.29% for Par Pacific Holdings Inc. (PARR) in last trading while the stock has seen an overall depriciation of -1.40%% over the past year. The PE ratio stands at 5.59 for SandRidge Energy Inc., compared to 7.61 for PBF Logistics LP. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 1.56%. Meanwhile, the Dow Jones Industrial Improved by 1.29%.
Data on historical trading for SandRidge Energy Inc. (NYSE:SD) indicates that the trading volumes over the past 10 days have averaged 0.74 million and over the past 3 months, they’ve averaged 1.06 million. According to company’s latest data on outstanding shares, there are 36.63 million shares outstanding.
Nearly 0.50% of SandRidge Energy Inc.’s shares belong to company insiders and institutional investors own 67.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.1 million shares as on Jul 14, 2022, resulting in a short ratio of 2.6. According to the data, the short interest in SandRidge Energy Inc. (SD) stood at 8.45% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 1.74 million. The stock has risen by 67.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SD stock heading into the next quarter.