Sandridge Energy Inc (NYSE: SD) is -14.41% lower on its value in year-to-date trading and has touched a low of $8.81 and a high of $14.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SD stock was last observed hovering at around $11.09 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $10.99, the stock is -2.04% and 5.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing -0.90% at the moment leaves the stock -2.25% off its SMA200. SD registered -6.15% loss for a year compared to 6-month loss of -5.42%. The firm has a 50-day simple moving average (SMA 50) of $10.3728 and a 200-day simple moving average (SMA200) of $11.24335.
The stock witnessed a 5.77% gain in the last 1 month and extending the period to 3 months gives it a -3.43%, and is -1.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.74% over the week and 2.92% over the month.
Sandridge Energy Inc (SD) has around 104 employees, a market worth around $403.19M and $137.42M in sales. Current P/E ratio is 6.29 and Fwd P/E is 6.28. Profit margin for the company is 47.23%. Distance from 52-week low is 24.74% and -21.72% from its 52-week high. The company has generated returns on investments over the last 12 months (13.96%).
The EPS is expected to grow by 58.06% this year
229.0 institutions hold shares in Sandridge Energy Inc (SD), with institutional investors hold 72.16% of the company’s shares. The shares outstanding are 36.78M, and float is at 31.34M with Short Float at 3.07%. Institutions hold 70.96% of the Float.
The top institutional shareholder in the company is ICAHN CARL C with over 4.82 million shares valued at $62.31 million. The investor’s holdings represent 12.9947 of the SD Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.4 million shares valued at $31.06 million to account for 6.4788 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.16 million shares representing 5.8167 and valued at over $27.89 million, while RENAISSANCE TECHNOLOGIES LLC holds 4.1105 of the shares totaling 1.52 million with a market value of $19.71 million.
