Freedom Broker analyst Sergey Pigarev upgraded SandRidge Energy (NYSE: SD) from Sell to Hold with a price target of $15.00.

The analyst comments "SandRidge Energy (SD) reported 1Q26 results that exceeded our estimates, driven by stronger realized natural gas prices, though operational performance was mixed. SD increased the quarterly dividend by 8.3% to $0.13 per share, implying a 3.4% annualized yield, and declared a $0.2 per-share special dividend for the quarter. The company did not repurchase shares during the period, a prudent decision given recent share price strength and negative FCF. We maintain our price target at $15 per share and upgrade our rating to Hold."

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Shares of SandRidge Energy closed at $15.30 yesterday.