UBS Maintains a 'Neutral' on SandRidge Energy (SD); Mixed Q1
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Price: $5.19 +0.19%
Rating Summary:
1 Buy, 15 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Rating Summary:
1 Buy, 15 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Trade SD Now!
UBS maintains a 'Neutral' on SandRidge Energy (NYSE: SD) price target lowered from $8.00 to $7.50.
Analyst, William A. Featherston, said, "Q1 EPS/CFPS of $0.04/$0.22 were mixed vs. UBSe of $0.03/$0.27 & consensus of $0.02/$0.29...Capex appears to be running ahead of pace; reiterates production...Despite >$3.5bn in asset monetizations in 16 months, still over-levered."
UBS raises FY12 EPS estimate from $1.40 to $1.45.
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 $6.91 yesterday, with a 52 week range of $4.55-$12.36.
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Analyst, William A. Featherston, said, "Q1 EPS/CFPS of $0.04/$0.22 were mixed vs. UBSe of $0.03/$0.27 & consensus of $0.02/$0.29...Capex appears to be running ahead of pace; reiterates production...Despite >$3.5bn in asset monetizations in 16 months, still over-levered."
UBS raises FY12 EPS estimate from $1.40 to $1.45.
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 $6.91 yesterday, with a 52 week range of $4.55-$12.36.
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