Sandridge Energy (SD)
NYSE:SD
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SandRidge Energy
(NYSE:SD)
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Rating:74Outperform
Price Target:
$16.00
▲(14.53% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by strong financial strength (notably near-zero leverage) and favorable valuation, supported by a generally positive earnings call focused on production growth and capital returns. These positives are partially offset by weak current technical momentum and ongoing cyclicality/price-exposure risks, including relatively low hedge coverage and softer recent free-cash-flow conversion.
Positive Factors
Conservative balance sheet & liquidity
Near-zero debt, roughly $104M in cash and large federal NOLs provide durable financial flexibility. This capitalization lowers bankruptcy risk, supports sustained dividend policy, funds the one‑rig program through cycles, and preserves optionality for opportunistic M&A or buybacks across the next several quarters.
Negative Factors
Commodity-price exposure & low hedge coverage
Limited hedge coverage leaves a majority of expected volumes exposed to spot price swings. Over the next 2–6 months, volatility in oil and gas prices can materially affect realized revenue, cash flow and the ability to fund capex or dividends, increasing earnings and planning risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet & liquidity
Near-zero debt, roughly $104M in cash and large federal NOLs provide durable financial flexibility. This capitalization lowers bankruptcy risk, supports sustained dividend policy, funds the one‑rig program through cycles, and preserves optionality for opportunistic M&A or buybacks across the next several quarters.
Read all positive factors
SandRidge Energy (SD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$563.74M
Dividend Yield3.19%
Average Volume (3M)466.29K
Price to Earnings (P/E)8.0
Beta (1Y)0.44
Revenue Growth25.58%
EPS Growth18.12%
CountryUS
Employees104
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)2.07
Shares Outstanding36,918,260
10 Day Avg. Volume390,241
30 Day Avg. Volume466,291
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)1.04
Price to Sales (P/S)3.39
P/FCF Ratio16.35
Enterprise Value/Market Cap0.82
Enterprise Value/Revenue2.82
Enterprise Value/Gross Profit5.47
Enterprise Value/Ebitda3.84
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.69
Revenue Forecast (FY)$187.50M
SandRidge Energy Business Overview & Revenue Model
Company Description
SandRidge 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 approximatel...
How the Company Makes Money
SandRidge makes money primarily by producing and selling hydrocarbons—crude oil, natural gas, and NGLs—generated from its upstream wells. Revenue is recognized based on volumes produced and sold (net of royalties and other production-related inter...
SandRidge Energy Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call emphasized multiple positive operational and financial trends: production and oil volumes increased materially (4% BOE and 31% oil), revenues and adjusted EBITDA expanded year-over-year, adjusted G&A and per-BOE costs improved, the company maintains a strong liquidity position (~$104M), no debt and ~ $1.5B NOLs, and the board raised the dividend and declared a special dividend. Operational execution in the Cherokee program is progressing with noted efficiencies and disciplined capital guidance ($76M–$97M). Key headwinds include timing-related cash movement and modest GAAP operating cash flow decline, exposure to commodity price volatility (hedges cover under ~30% of guidance), ethane handling dynamics that reduced BOE/NGL volumes for the quarter, weather-related deferments, and potential cost pressure from diesel surcharges. Overall, the positives around growth, profitability, strong balance sheet, and capital returns outweigh the identified risks and timing issues.Positive Updates
Production Growth
Production averaged 18.6 MBOE/d in Q1 2026, up 4% year-over-year; oil production rose 31% year-over-year, driven by new production from the operated development program.
Negative Updates
Cash Decline and Working Capital Timing
Cash decreased sequentially due to an increase in noncash working capital tied to timing differences between payables and receivables related to the one-rig drilling program; no specific prior-quarter cash figure was given but management cites the decline as timing-driven.
Read all updates
Q1-2026 Updates
Positive
Negative
Production Growth
Production averaged 18.6 MBOE/d in Q1 2026, up 4% year-over-year; oil production rose 31% year-over-year, driven by new production from the operated development program.
Read all positive updates
Company Guidance
SandRidge guided 2026 around a one‑rig Cherokee program to drill 10 operated wells and complete eight (two completions to carry over), with gross well costs of roughly $9–$11M each and total 2026 capex targeted at $76–$97M (split $62–$80M D&C and $14–$17M for workovers/optimization/leasing). Management said hedges cover just under 30% of the midpoint of 2026 guidance (approximately 37% of gas and 43% of oil PDP volumes), highlighted strong liquidity and returns of capital (Q1 cash ≈$104M or >$2.80/share; Q1 dividends paid $4.4M; Board increased the regular dividend 8% to $0.13 and declared a one‑time $0.20 special dividend payable June 1; $5.05/share returned since 2023), and supported the plan with Q1 operating/financial metrics: production 18.6 MBOE/d, Q1 capex ex‑A&D $19.9M, LOE $10.8M ($6.45/BOE), adjusted G&A $2.4M ($1.42/BOE), adjusted EBITDA $33.7M, adjusted operating cash flow $34.4M, net income $18.7M ($0.50/diluted), ~ $1.5B federal NOLs, no debt and negative net leverage.SandRidge Energy Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
95
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 163.53M | 156.36M | 125.29M | 148.64M | 254.26M | 168.88M |
| Gross Profit | 84.44M | 67.45M | 46.02M | 73.73M | 179.21M | 107.52M |
| EBITDA | 120.13M | 97.12M | 73.36M | 97.10M | 187.74M | 113.67M |
| Net Income | 75.82M | 70.20M | 62.99M | 60.86M | 242.17M | 116.74M |
Balance Sheet | ||||||
| Total Assets | 652.13M | 644.02M | 581.51M | 574.17M | 600.50M | 352.91M |
| Cash, Cash Equivalents and Short-Term Investments | 102.75M | 111.00M | 98.13M | 252.41M | 255.72M | 137.26M |
| Total Debt | 827.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 126.16M | 133.15M | 120.98M | 106.06M | 112.58M | 107.59M |
| Stockholders Equity | 525.97M | 510.87M | 460.53M | 468.11M | 487.92M | 245.32M |
Cash Flow | ||||||
| Free Cash Flow | 21.03M | 32.45M | 47.53M | 77.94M | 119.13M | 98.62M |
| Operating Cash Flow | 99.57M | 100.14M | 73.93M | 115.58M | 164.70M | 110.26M |
| Investing Cash Flow | -78.27M | -64.01M | -154.70M | -36.16M | -45.12M | 22.97M |
| Financing Cash Flow | -18.31M | -23.30M | -73.67M | -82.94M | -1.64M | -21.98M |
SandRidge Energy Technical Analysis
Negative
13.97
Price Trends
16.49
Negative
15.53
Negative
13.40
Positive
Market Momentum
-0.50
Positive
32.58
Neutral
31.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SD, the sentiment is Negative. The current price of 13.97 is below the 20-day moving average (MA) of 15.83, below the 50-day MA of 16.49, and above the 200-day MA of 13.40, indicating a neutral trend. The MACD of -0.50 indicates Positive momentum. The RSI at 32.58 is Neutral, neither overbought nor oversold. The STOCH value of 31.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $563.74M | 8.03 | 15.09% | 3.19% | 25.58% | 18.12% | |
68 Neutral | $619.62M | 6.54 | 23.91% | 6.49% | -23.34% | -29.24% | |
67 Neutral | $228.62M | 19.72 | 5.48% | ― | 1533.93% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | $623.46M | -1.76 | -31.67% | 7.20% | -36.31% | -346.60% | |
| ― | $197.62M | -154.52 | -20.86% | ― | -99.80% | -170.31% | |
56 Neutral | $773.89M | -2.08 | -4.26% | ― | -22.88% | -107.96% |
* Energy Sector Average
SD
SandRidge Energy
15.27
5.59
57.73%
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5.98
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86.23%
SJT
San Juan Basin Royalty
4.24
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GPRK
GeoPark
9.58
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50.82%
GFR
Greenfire Resources
6.17
2.14
53.10%
ANNA
AleAnna
3.43
-6.59
-65.77%
SandRidge Energy Corporate Events
Executive/Board Changes
SandRidge Energy Announces Upcoming Board Director Departure
Neutral
Apr 21, 2026
On April 18, 2026, SandRidge Energy announced that director Randolph C. Read will not stand for re-election to the board at the company’s 2026 Annual Meeting of Stockholders and will serve until his term expires at that meeting. The company ...
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.