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Sandridge Energy (SD)
NYSE:SD
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SandRidge Energy
(NYSE:SD)
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Rating:78Outperform
Price Target:
$15.50
▲(10.95% Upside)
The score is driven primarily by strong financial strength (notably minimal leverage) and attractive valuation (low P/E plus dividend yield). These are tempered by mixed-to-weak near-term technical momentum and earnings-call risks around higher operating costs and commodity-price sensitivity.
Positive Factors
Strong Financial Position
A strong cash position with no debt enhances financial flexibility, allowing for strategic investments and resilience against market fluctuations.
Production and Revenue Growth
Increased production and revenue growth indicate effective operational strategies and potential for sustained profitability in the long term.
Successful Drilling Program
The successful drilling program demonstrates operational efficiency and enhances resource recovery, supporting future production and revenue stability.
Negative Factors
Revenue Decline
A significant revenue decline poses challenges for long-term growth and may impact the company's ability to invest in future opportunities.
Increased Operating Expenses
Rising operational costs can erode profit margins and reduce cash flow, potentially affecting the company's ability to sustain its financial health.
Zero Stockholders' Equity
Zero stockholders' equity indicates potential financial instability, limiting the company's ability to absorb losses and invest in growth initiatives.
SandRidge Energy (SD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$541.31M
Dividend Yield3.19%
Average Volume (3M)296.91K
Price to Earnings (P/E)8.2
Beta (1Y)0.62
Revenue Growth29.52%
EPS Growth41.02%
CountryUS
Employees104
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.42
Shares Outstanding36,773,746
10 Day Avg. Volume276,300
30 Day Avg. Volume296,908
Financial Highlights & Ratios
PEG Ratio2.28
Price to Book (P/B)0.94
Price to Sales (P/S)3.47
P/FCF Ratio9.14
Enterprise Value/Market Cap0.58
Enterprise Value/Revenue2.00
Enterprise Value/Gross Profit4.05
Enterprise Value/Ebitda2.95
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.6
Revenue Forecast (FY)$175.00M
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:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 04, 2026
Earnings Call Sentiment Positive
The earnings call highlights a strong quarter with significant production and revenue growth, a robust financial position, and strategic achievements in the Cherokee drilling program. However, challenges such as increased lease operating expenses and fluctuating commodity prices were noted. Despite some financial setbacks, the positive aspects of the quarter, including shareholder returns and a strong safety record, contribute to an overall positive outlook.Q3-2025 Updates
Positive Updates
Significant Production and Revenue Increase
Third quarter production averaged approximately 19 MBoe per day, marking a 12% increase on a Boe basis and 49% on oil. This translated to a 32% increase in revenue and a 54% increase in adjusted EBITDA compared to the same period last year.
Strong Financial Position
The company ended the quarter with approximately $103 million in cash, representing $2.80 per common share, with no debt outstanding.
Successful Cherokee Drilling Program
The company completed and brought online three wells with successful results, including a per well average peak 30-day production rate of approximately 2,000 Boe per day, demonstrating strong recovery trends.
Shareholder Returns and Dividends
The company paid $4.4 million in dividends during the quarter, and since the beginning of 2023, has paid $4.48 per share in dividends. The Board declared a $0.12 per share dividend payable on November 28, 2025.
ESG Commitment and Safety Record
The team achieved four years without a reportable safety incident, highlighting a commitment to employee and contractor safety.
Negative Updates
Increased Lease Operating Expenses
Lease operating expenses were approximately $10.9 million or $6.25 per Boe compared to $5.82 per Boe in the third quarter last year, indicating rising operational costs.
Challenges with Commodity Price Realizations
Commodity price realizations for oil, gas, and NGLs showed volatility, with some prices lower compared to the second quarter.
Adjusted Net Income Decrease
Adjusted net income was $15.5 million or $0.42 per basic share, down from $25.5 million or $0.69 per basic share during the same period last year.
Company Guidance
In the Q3 2025 SandRidge Energy conference call, the company reported a robust quarter, highlighting several key financial metrics. Production averaged 19 MBoe per day, up 12% on a Boe basis and 49% on oil, leading to a 32% increase in revenue and a 54% rise in adjusted EBITDA compared to the previous year. Revenues reached approximately $40 million, and adjusted EBITDA stood at $27.3 million, a significant improvement from the $17.7 million reported in Q3 2024. The company maintained a strong cash position of $103 million, equivalent to $2.80 per share, and declared a $0.12 per share dividend, with options for shareholders to reinvest. Capital expenditures totaled around $23 million, with no debt on the balance sheet, allowing for all expenditures to be funded through operational cash flows. Commodity price realizations showed slight fluctuations, with $65.23 per barrel of oil and $1.71 per Mcf of gas. The firm remains committed to its hedging strategy, covering about 35% of Q4 production, and continues to focus on cost discipline, with adjusted G&A at $2.1 million, or $1.23 per Boe. Net income for the quarter was approximately $16 million, translating to $0.44 per basic share, while adjusted net income was $15.5 million or $0.42 per basic share.SandRidge Energy Financial Statement Overview
Summary
SandRidge Energy shows strong profitability with high net and EBITDA margins, and robust cash flow management. However, the significant revenue decline and concerning balance sheet with zero stockholders' equity pose financial risks.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.78
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.94
Very Positive
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.72
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 155.93M | 125.29M | 148.64M | 254.26M | 168.88M | 114.98M |
| Gross Profit | 76.94M | 46.02M | 73.73M | 179.21M | 107.52M | 3.83M |
| EBITDA | 105.47M | 73.36M | 97.10M | 187.74M | 113.67M | -218.16M |
| Net Income | 66.14M | 62.99M | 60.86M | 242.17M | 116.74M | -277.35M |
Balance Sheet | ||||||
| Total Assets | 618.97M | 581.51M | 574.17M | 600.50M | 352.91M | 260.83M |
| Cash, Cash Equivalents and Short-Term Investments | 101.20M | 98.13M | 252.41M | 255.72M | 137.26M | 22.13M |
| Total Debt | 1.33M | 0.00 | 0.00 | 0.00 | 0.00 | 20.00M |
| Total Liabilities | 126.52M | 120.98M | 106.06M | 112.58M | 107.59M | 132.77M |
| Stockholders Equity | 492.45M | 460.53M | 468.11M | 487.92M | 245.32M | 128.07M |
Cash Flow | ||||||
| Free Cash Flow | 37.83M | 47.53M | 77.94M | 119.13M | 98.62M | 23.70M |
| Operating Cash Flow | 94.44M | 73.93M | 115.58M | 164.70M | 110.26M | 36.16M |
| Investing Cash Flow | -62.16M | -154.70M | -36.16M | -45.12M | 22.97M | 25.09M |
| Financing Cash Flow | -23.77M | -73.67M | -82.94M | -1.64M | -21.98M | -38.96M |
SandRidge Energy Technical Analysis
Positive
13.97
Price Trends
14.07
Positive
12.77
Positive
11.46
Positive
Market Momentum
0.03
Positive
57.05
Neutral
64.42
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 13.97 is below the 20-day moving average (MA) of 14.19, below the 50-day MA of 14.07, and above the 200-day MA of 11.46, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 57.05 is Neutral, neither overbought nor oversold. The STOCH value of 64.42 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $541.31M | 8.21 | 14.08% | 3.19% | 29.52% | 41.02% | |
71 Outperform | $635.80M | 4.12 | 16.30% | ― | -21.67% | 251.59% | |
68 Neutral | $434.76M | 15.22 | 5.65% | 7.20% | -23.00% | -68.20% | |
68 Neutral | $398.16M | 11.75 | 16.85% | 6.49% | -26.63% | -66.89% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | $274.53M | -998.31 | -10.79% | ― | -99.78% | -103.13% | |
43 Neutral | $166.64M | -9.97 | -45.51% | ― | ― | -985.28% |
* Energy Sector Average
SD
SandRidge Energy
14.72
2.60
21.43%
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GFR
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ANNA
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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.