Deutsche Bank Starts SandRidge Energy (SD) at Hold; Variations on the Mississippi
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Price: $14.47 -1.3%
Rating Summary:
2 Buy, 11 Hold, 11 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
Rating Summary:
2 Buy, 11 Hold, 11 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
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Deutsche Bank initiates coverage on SandRidge Energy (NYSE: SD) with a Hold. PT $9.00.
Deutsche analyst says, "The key debate, in our view, is the repeatability of the core Mississippian and the funding of the ‘12-‘14 gap. Early variability in Mississippian drilling warrants greater acreage risking pending continued results, but provides a source of potential upside in 2012 as the play is further delineated. SD is driving growth from the Miss, with a $3.7bln gap in ’12-‘14e; additional Miss trusts (Q1) and a trust/JV of its “new Miss” play (~1mln acres held, disclosures to come in '12) could fill the gap and provide catalysts."
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 $7.21 yesterday.
Deutsche analyst says, "The key debate, in our view, is the repeatability of the core Mississippian and the funding of the ‘12-‘14 gap. Early variability in Mississippian drilling warrants greater acreage risking pending continued results, but provides a source of potential upside in 2012 as the play is further delineated. SD is driving growth from the Miss, with a $3.7bln gap in ’12-‘14e; additional Miss trusts (Q1) and a trust/JV of its “new Miss” play (~1mln acres held, disclosures to come in '12) could fill the gap and provide catalysts."
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 $7.21 yesterday.
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