Sandridge Energy Inc (SD) stock forecast: Can it reach its 52-week high of $15.42

A share price of Sandridge Energy Inc [SD] is currently trading at $13.38, down -3.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The SD shares have gain 4.45% over the last week, with a monthly amount glided 7.90%, and seem to be holding up well over a long-time horizon.

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On 6, March 2024, SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31, 2023, $0.11 PER SHARE CASH DIVIDEND, AND 2024 GUIDANCE. In a post published today on Yahoo Finance, SandRidge Energy, Inc. (the “Company” or “SandRidge”) (NYSE:SD) today announced financial and operational results for the quarter and fiscal year ended December 31, 2023.

From an analyst’s perspective:

Sandridge Energy Inc [NYSE: SD] stock has seen the most recent analyst activity on June 21, 2017, when Seaport Global Securities downgraded its rating to a Neutral and also revised its price target to $17 from $25.

Sandridge Energy Inc experienced fluctuations in its stock price throughout the past year between $10.03 and $15.42. Sandridge Energy Inc [NYSE: SD] shares were valued at $13.38 at the most recent close of the market.

Analyzing the SD fundamentals

Trailing Twelve Months sales for Sandridge Energy Inc [NYSE:SD] were 148.64M which represents -39.54% decline. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at 0.47%, Pretax Profit Margin comes in at 0.62%, and Net Profit Margin reading is 0.51%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.13 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.05 points at the first support level, and at 12.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.76, and for the 2nd resistance point, it is at 14.13.

Sandridge Energy Inc [SD] reported earnings per share of $0.15 for its fiscal quarter that ended on 9/29/2020. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.41/share, meaning a difference of $0.56 and a surprise factor of 136.60%. By comparison, the stated earnings for the previous quarter ended on 6/29/2020 were -$0.21 per share as compared to estimates of -$0.51 per share, a difference of $0.3 representing a surprise of 58.80%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Sandridge Energy Inc [NYSE:SD] is 5.63. On the other hand, the Quick Ratio is 5.63, and the Cash Ratio is 5.12. Considering the valuation of this stock, the price to sales ratio is 3.34, the price to book ratio is 1.06 and price to earnings (TTM) ratio is 8.16.