UBS Maintains a 'Neutral' on SandRidge Energy (SD); Q4 Beat; Raised ‘11 Production and Capex Guidance; Strong Reserve Growth
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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!
UBS maintains a 'Neutral' on SandRidge Energy (NYSE: SD), PT increased from $8 to $10.
UBS analyst says, "Clean 4Q EPS/CFPS of -$0.07/$0.10 was above our estimate of -$0.15/$0.09 largely on lower than expected costs. EPS was in line w/ consensus of -$0.08 but below CFPS of $0.18. 4Q highlights include: 42% YoY increase in production (3% above UBSe and guidance of +38%), 19% drop in price realizations (5% below UBSe), & 11% rise in per-unit costs to $7.52/Mcfe (15% below UBSe)...We revised our '11-'12E EPS/CFPS to $0.15/$0.85 & $0.45/$1.30 from $0.05/$0.85 & $0.30/$1.15 on higher volumes & lower costs."
For more ratings news on SandRidge Energy click here and for the rating history of SandRidge Energy click here.
Shares of SandRidge Energy closed at $9.18 yesterday, with a 52 week range of $3.87-$9.39.
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UBS analyst says, "Clean 4Q EPS/CFPS of -$0.07/$0.10 was above our estimate of -$0.15/$0.09 largely on lower than expected costs. EPS was in line w/ consensus of -$0.08 but below CFPS of $0.18. 4Q highlights include: 42% YoY increase in production (3% above UBSe and guidance of +38%), 19% drop in price realizations (5% below UBSe), & 11% rise in per-unit costs to $7.52/Mcfe (15% below UBSe)...We revised our '11-'12E EPS/CFPS to $0.15/$0.85 & $0.45/$1.30 from $0.05/$0.85 & $0.30/$1.15 on higher volumes & lower costs."
For more ratings news on SandRidge Energy click here and for the rating history of SandRidge Energy click here.
Shares of SandRidge Energy closed at $9.18 yesterday, with a 52 week range of $3.87-$9.39.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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