Canaccord Genuity Reiterates a 'Hold' on SandRidge Energy (SD); Tracking In-line
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Price: $5.07 -1.55%
Rating Summary:
1 Buy, 15 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
1 Buy, 15 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade SD Now!
Canaccord Genuity reiterates a 'Hold' on SandRidge Energy (NYSE: SD) price target of $6.00.
Analyst, John Gerdes, said, "We reiterate our rating and maintain our target price following minor model refinements. Our outlook largely anticipated an increase in capital spending and production though we remain ~1% above SandRidge’s ’12 production guidance. The company’s increase in capital spending was principally
directed toward incremental drilling/completion spending and accelerating the build-out of water handling infrastructure in the Mississippian play."
For an analyst ratings summary and ratings history on SandRidge Energy click here. For more ratings news on SandRidge Energy click here.
Shares of SandRidge Energy closed at $6.45 yesterday, with a 52 week range of $4.55-$9.04.
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Analyst, John Gerdes, said, "We reiterate our rating and maintain our target price following minor model refinements. Our outlook largely anticipated an increase in capital spending and production though we remain ~1% above SandRidge’s ’12 production guidance. The company’s increase in capital spending was principally
directed toward incremental drilling/completion spending and accelerating the build-out of water handling infrastructure in the Mississippian play."
For an analyst ratings summary and ratings history on SandRidge Energy click here. For more ratings news on SandRidge Energy click here.
Shares of SandRidge Energy closed at $6.45 yesterday, with a 52 week range of $4.55-$9.04.
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