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SandRidge Energy Inc (SD)
NYSE:SD
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SandRidge Energy
(NYSE:SD)
Rating:66Neutral
Price Target:
$12.00
▲(11.11% Upside)
SandRidge Energy (SD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$396.92M
Dividend Yield4.07%
Average Volume (3M)269.61K
Price to Earnings (P/E)5.3
Beta (1Y)0.64
Revenue Growth13.75%
EPS Growth87.48%
CountryUS
Employees104
SectorEnergy
Sector Strength44
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.33
Shares Outstanding36,751,873
10 Day Avg. Volume319,875
30 Day Avg. Volume269,608
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.74
Enterprise Value/Revenue2.00
Enterprise Value/Gross Profit4.93
Enterprise Value/Ebitda3.10
Forecast
1Y Price Target
$12.00Price Target Upside11.11% Upside
Rating ConsensusHold
Number of Analyst Covering1
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 crude oil, natural gas, and natural gas liquids produced from its operations. The company employs a revenue model based on the extraction and sale of hydrocarbon resources, with prices influenced by global energy markets. Key revenue streams include direct sales of produced hydrocarbons to refineries and wholesalers, as well as long-term contracts that may provide price stability. Additionally, SandRidge may engage in joint ventures and partnerships to enhance operational efficiency and expand its resource base, further contributing to its earnings. The company's financial performance is significantly affected by fluctuations in commodity prices, production volumes, and operational costs.
SandRidge Energy Earnings Call Summary
Earnings Call Date:Aug 06, 2025
(Q2-2025)
| % Change Since: 6.82%|
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong financial position with significant production and revenue growth, enhanced by a robust cash position and no debt. The company has increased its dividend and continues its share repurchase program. However, there are challenges related to commodity price decreases and potential cost increases. Overall, the positive aspects outweigh the negatives, indicating solid performance with some cautionary notes on future expenses.Q2-2025 Updates
Positive Updates
Significant Production and Revenue Growth
Second quarter production averaged just under 18 MBoe per day, an increase of approximately 19% on a Boe basis and 46% on oil, leading to a 33% increase in revenue compared to the same period last year.
Adjusted EBITDA Surge
Adjusted EBITDA increased by 76% relative to the same period last year, reaching $22.8 million compared to $12.9 million in the prior year period.
Strong Cash Position and No Debt
The company maintains more than $104 million in cash, which represents over $2.80 per share, with no debt obligations, allowing for full funding of capital expenditures from cash flow.
Dividend Increase and Share Repurchase
A $0.12 per share dividend was declared, a 9% increase, with a share repurchase program in place having roughly $69 million remaining authorized.
Successful Initial Well in Cherokee Development
The first well from the Cherokee development program produced an IP of approximately 2,300 Boe per day, outperforming expectations.
Negative Updates
Commodity Price Challenges
Commodity price realizations decreased for oil, gas, and NGLs compared to the first quarter, with oil at $62.80 per barrel compared to $69.88.
Potential Cost Increases
While proactive steps have been taken to mitigate inflation effects, further changes to tariffs or other factors could influence costs in the future.
Lease Operating Expenses Uncertainty
Second quarter LOE was lower due to a one-time noncash adjustment and may not continue at the same level for the remainder of the year.
Company Guidance
In the SandRidge Energy Second Quarter 2025 earnings call, the company reported a production increase of approximately 19% on a Boe basis and 46% on oil, resulting in a 33% rise in revenue and a 76% surge in adjusted EBITDA compared to the same period last year. The company's Cherokee development program contributed to this growth, with the first well achieving a 30-day IP of approximately 2,300 Boe per day with 49% oil. SandRidge generated $35 million in revenues for the quarter, up from the previous year, and maintained a strong balance sheet with no debt. Cash, including restricted cash, was over $104 million, or more than $2.80 per common share outstanding. The company paid $4 million in dividends and announced a 9% dividend increase to $0.12 per share, payable in September. Capital expenditures totaled approximately $18 million, with the company continuing to operate within cash flow while maintaining a robust hedging strategy to secure cash flows amid fluctuating commodity prices. Net income for the quarter was $19.6 million, translating to $0.53 per basic share, while adjusted net income was $12.2 million or $0.33 per basic share. Despite significant capital investments, SandRidge achieved a free cash flow of roughly $10 million during the quarter and $23 million year-to-date, reflecting its disciplined financial management and strategic focus on high-return growth projects.SandRidge Energy Financial Statement Overview
Summary
SandRidge Energy shows strong profitability with a high net profit margin and efficient operations. However, the balance sheet is concerning due to zero stockholders' equity, indicating potential financial instability. Despite declining revenue, cash flow remains robust, reflecting effective cash management.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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 146.16M | 125.29M | 148.64M | 254.26M | 168.88M | 114.98M |
| Gross Profit | 59.38M | 46.02M | 73.73M | 179.21M | 107.52M | 3.83M |
| EBITDA | 94.40M | 73.36M | 97.10M | 193.72M | 111.42M | -218.16M |
| Net Income | 75.67M | 62.99M | 60.86M | 242.17M | 116.74M | -277.35M |
Balance Sheet | ||||||
| Total Assets | 602.27M | 581.51M | 574.17M | 600.50M | 352.91M | 260.83M |
| Cash, Cash Equivalents and Short-Term Investments | 102.82M | 98.13M | 252.41M | 255.72M | 137.26M | 22.13M |
| Total Debt | 708.00K | 1.73M | 862.00K | 1.66M | 0.00 | 20.00M |
| Total Liabilities | 122.11M | 120.98M | 106.06M | 112.58M | 107.59M | 132.77M |
| Stockholders Equity | 480.17M | 460.53M | 468.11M | 487.92M | 245.32M | 128.07M |
Cash Flow | ||||||
| Free Cash Flow | 60.47M | 47.53M | 89.17M | 120.56M | 98.62M | 27.40M |
| Operating Cash Flow | 90.02M | 73.93M | 115.58M | 164.70M | 110.26M | 36.16M |
| Investing Cash Flow | -173.32M | -154.70M | -36.16M | -45.12M | 22.97M | 25.09M |
| Financing Cash Flow | -18.52M | -73.67M | -82.94M | -1.64M | -21.98M | -38.96M |
SandRidge Energy Technical Analysis
Positive
10.80
Price Trends
10.82
Negative
10.35
Positive
10.88
Negative
Market Momentum
0.07
Negative
53.42
Neutral
79.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SD, the sentiment is Positive. The current price of 10.8 is above the 20-day moving average (MA) of 10.50, below the 50-day MA of 10.82, and below the 200-day MA of 10.88, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 53.42 is Neutral, neither overbought nor oversold. The STOCH value of 79.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SD.
SandRidge Energy Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $397.22M | 10.36 | 7.60% | 6.65% | -2.71% | -54.82% | |
66 Neutral | $396.92M | 5.29 | 16.72% | 4.07% | 13.75% | 87.48% | |
66 Neutral | $318.84M | 2.17 | 25.41% | ― | -11.62% | ― | |
65 Neutral | $14.84B | 8.64 | 2.77% | 5.45% | 4.51% | -62.52% | |
65 Neutral | $340.70M | 7.87 | 22.94% | 8.86% | -25.23% | -56.59% | |
61 Neutral | $263.34M | 251.97 | -6.27% | 0.40% | -91.24% | -94.60% | |
45 Neutral | $286.61M | ― | -73.54% | ― | ― | -363.86% |
* Energy Sector Average
Performance Comparison
SD
SandRidge Energy
10.80
-1.85
-14.62%
EGY
Vaalco Energy
3.76
-2.54
-40.32%
SJT
San Juan Basin Royalty
5.65
1.86
49.08%
GPRK
GeoPark
6.64
-1.86
-21.88%
GFR
Greenfire Resources
4.54
-2.37
-34.30%
ANNA
AleAnna
4.24
-6.77
-61.49%
SandRidge Energy Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
SandRidge Energy Expands Board with Brett Icahn
Positive
Jul 22, 2025
On July 18, 2025, SandRidge Energy‘s Board of Directors expanded from five to six members with the appointment of Brett Icahn, effective August 1, 2025. Brett Icahn, a respected investor and portfolio manager, brings extensive experience from his roles at Icahn Enterprises and other major companies. His appointment is seen as a strategic move to leverage his expertise in investment strategy and corporate governance, reflecting a commitment to the company’s long-term success and shareholder value.
Executive/Board ChangesShareholder Meetings
SandRidge Energy Stockholders Approve Key Proposals
Positive
Jun 16, 2025
At the 2025 Annual Meeting of Stockholders held on June 11, 2025, in Oklahoma City, SandRidge Energy, Inc. successfully passed three key proposals. These included the election of five directors to the board, the ratification of Grant Thornton LLP as the independent accounting firm for the fiscal year 2025, and an advisory vote approving the executive compensation for 2024. The approval of these proposals reflects strong shareholder support and is likely to influence the company’s governance and financial oversight positively.
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.