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SandRidge Energy Inc (SD)
NYSE:SD
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SandRidge Energy
(NYSE:SD)
Rating:61Neutral
Price Target:―
SandRidge Energy (SD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$385.58M
Dividend Yield4.19%
Average Volume (3M)350.77K
Price to Earnings (P/E)5.9
Beta (1Y)0.61
Revenue Growth-15.94%
EPS Growth2.90%
CountryUS
Employees104
SectorEnergy
Sector Strength45
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.39
Shares Outstanding36,687,042
10 Day Avg. Volume281,813
30 Day Avg. Volume350,769
Financial Highlights & Ratios
PEG Ratio2.03
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio5.73
Enterprise Value/Market Cap0.73
Enterprise Value/Revenue0.55
Enterprise Value/Gross Profit5.31
Enterprise Value/Ebitda1.04
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
SandRidge Energy Business Overview & Revenue Model
Company DescriptionSandRidge Energy, Inc. engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. As of December 31, 2021, it had an interest in 817.0 net producing wells; and operated approximately 368,000 net leasehold acres in Oklahoma and Kansas, as well as total estimated proved reserves of 71.3 million barrels of oil equivalent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.
How the Company Makes MoneySandRidge Energy generates revenue primarily through the sale of oil, natural gas, and natural gas liquids produced from its exploration and production activities. The company's key revenue streams include the extraction and sale of these hydrocarbons to various customers, including refiners, utilities, and other industrial entities. Revenue is influenced by commodity prices, production volumes, and the company's ability to efficiently manage its operational costs. Additionally, SandRidge Energy may engage in strategic partnerships, joint ventures, or hedging activities to mitigate risks associated with fluctuating market conditions and to optimize its financial performance.
SandRidge Energy Earnings Call Summary
Earnings Call Date:May 07, 2025
(Q1-2025)
| % Change Since: 13.13%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Positive
The earnings call for SandRidge Energy was predominantly positive, with significant revenue and production growth, a strong cash position, and successful drilling operations. However, the call also highlighted challenges such as declining oil prices and inflationary pressures. Overall, the positive aspects outweigh the negatives.Q1-2025 Updates
Positive Updates
Significant Revenue and EBITDA Growth
The company generated revenues of approximately $43 million, representing a 41% increase compared to the same period last year. Adjusted EBITDA was $25.5 million in the quarter, compared to roughly $15 million in the prior year period.
Production Increase
Total production averaged nearly 18 MBoe per day, an increase of approximately 17% on a BOE basis and 30% on an oil basis year-over-year.
Strong Cash Position
Cash, including restricted cash at the end of the quarter, was just over $100 million, representing more than $2.75 per share of common stock outstanding.
No Debt and Strong Dividends
The company has no term debt or revolving debt obligations and paid $4 million in dividends during the quarter, with a total of $4.25 per share paid to shareholders since the beginning of 2023.
Successful Drilling Operations
The first operated well in the Cherokee drilling program was successfully drilled, with production anticipated later in the month. The company plans to drill eight operated Cherokee wells this year.
Improved Natural Gas Prices
Benefiting from improved natural gas prices, Henry Hub prices rose to $4.30 per Mcf, nearly doubling from 2024.
Negative Updates
Decline in Oil Prices
Following the recent decline in oil prices, with WTI prices around the low $60 range and recently testing the high 50s, there is pressure on returns and potential moderation of the capital program.
Inflationary Pressures
There are ongoing inflationary pressures, which could influence well costs in the future despite proactive steps to mitigate these effects.
Company Guidance
During SandRidge Energy's First Quarter 2025 Earnings Conference Call, the company reported a strong performance with several key financial metrics highlighted. Total production averaged nearly 18 MBoe per day, marking a 17% increase on a BOE basis and a 30% increase on an oil basis year-over-year. Revenue rose by approximately 40%, reaching $43 million, a 41% increase from the previous year and a 9% sequential growth. Adjusted EBITDA stood at $25.5 million, up from $15 million in the prior year's quarter. The company maintained a cash position of over $100 million, or more than $2.75 per share, after paying $4 million in dividends. Additionally, SandRidge repurchased $5 million worth of common shares and declared an $0.11 per share dividend for June. Despite the recent decline in oil prices, the company remains financially robust with no debt, leveraging hedges covering nearly 30% of guided production. The call also emphasized operational achievements, including the successful drilling of the first well in the Cherokee program and the anticipation of increased production in the year's second half.SandRidge Energy Financial Statement Overview
Summary
SandRidge Energy demonstrates strong profitability and cash management but faces challenges with declining revenue and a concerning balance sheet structure. The absence of stockholders' equity poses a significant risk, but the company’s operational efficiency and cash flow generation remain positive.Income Statement
SandRidge Energy's TTM data shows a gross profit margin of 35.1% and a net profit margin of 52.6%, indicating strong profitability. However, revenue decreased significantly from previous years, with a negative revenue growth rate of -42.2%. The EBIT margin is 26.9%, and the EBITDA margin is 50.2%, reflecting efficient operations despite the revenue decline.65
Positive
Balance Sheet
The balance sheet reveals a concerning situation with zero stockholders' equity in the TTM period and no debt, resulting in undefined debt-to-equity and equity ratios. The absence of stockholders' equity indicates potential financial instability despite a strong cash position.40
Negative
Cash Flow
SandRidge Energy's cash flow is robust with a free cash flow of 73.9 million USD and a strong operating cash flow to net income ratio of 1.63. Despite the decline in revenue, the company maintains healthy cash flow metrics, suggesting effective cash management.75
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 125.29M | 148.64M | 254.26M | 168.88M | 114.98M |
| Gross Profit | 46.02M | 73.73M | 179.21M | 107.52M | 3.83M |
| EBITDA | 73.36M | 97.10M | 193.72M | 111.42M | -218.16M |
| Net Income | 62.99M | 60.86M | 242.17M | 116.74M | -277.35M |
Balance Sheet | |||||
| Total Assets | 581.51M | 574.17M | 600.50M | 352.91M | 260.83M |
| Cash, Cash Equivalents and Short-Term Investments | 98.13M | 252.41M | 255.72M | 137.26M | 22.13M |
| Total Debt | 0.00 | 862.00K | 1.66M | 0.00 | 20.00M |
| Total Liabilities | 120.98M | 106.06M | 112.58M | 107.59M | 132.77M |
| Stockholders Equity | 460.53M | 468.11M | 487.92M | 245.32M | 128.07M |
Cash Flow | |||||
| Free Cash Flow | 47.53M | 89.17M | 120.56M | 98.62M | 27.40M |
| Operating Cash Flow | 73.93M | 115.58M | 164.70M | 110.26M | 36.16M |
| Investing Cash Flow | -154.70M | -36.16M | -45.12M | 22.97M | 25.09M |
| Financing Cash Flow | -73.67M | -82.94M | -1.64M | -21.98M | -38.96M |
SandRidge Energy Technical Analysis
Neutral
10.51
Price Trends
10.66
Negative
10.43
Positive
10.96
Negative
Market Momentum
-0.15
Positive
47.29
Neutral
30.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SD, the sentiment is Neutral. The current price of 10.51 is below the 20-day moving average (MA) of 10.68, below the 50-day MA of 10.66, and below the 200-day MA of 10.96, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 47.29 is Neutral, neither overbought nor oversold. The STOCH value of 30.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SD.
SandRidge Energy Peers Comparison
Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $397.63M | 6.79 | 11.83% | 6.53% | 3.02% | -8.43% | |
74 Outperform | $321.65M | 2.39 | 25.10% | ― | 38.46% | ― | |
67 Neutral | $15.28B | 9.73 | 6.25% | 5.18% | 4.49% | -71.88% | |
64 Neutral | $351.99M | 4.54 | 38.79% | 8.57% | -14.94% | -25.19% | |
61 Neutral | $385.58M | 5.94 | 14.68% | 4.19% | -15.94% | 2.90% | |
61 Neutral | $268.93M | 251.97 | 39.61% | 0.40% | -85.94% | -88.55% | |
45 Neutral | $356.87M | ― | -73.54% | ― | ― | -280.78% |
* Energy Sector Average
Performance Comparison
SD
SandRidge Energy
10.51
-2.32
-18.08%
EGY
Vaalco Energy
3.83
-3.05
-44.33%
SJT
San Juan Basin Royalty
5.87
1.99
51.29%
GPRK
GeoPark
6.86
-2.59
-27.41%
GFR
Greenfire Resources
4.60
-2.32
-33.53%
ANNA
AleAnna
5.35
-5.61
-51.19%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.