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UBS Maintains a 'Neutral' on SandRidge Energy (SD); Mixed Q1

May 4, 2012 3:03 PM EDT Send to a Friend
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Price: $6.91 -1.57%

Rating Summary:
    3 Buy, 14 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 10 | New: 8
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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.




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