SandRidge Energy Surpasses 80 Relative Strength Rating Milestone
January 31, 2023
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SANDRIDGE ($NYSE:SD): SandRidge Energy is a leading oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. SandRidge Energy is focused on the exploration and development of conventional and unconventional oil and gas resources in the Mid-Continent region. On Friday, SandRidge Energy achieved a remarkable milestone as it surpassed the 80 Relative Strength Rating benchmark. This was a significant improvement from its previous rating of 69. The uptick in SandRidge Energy’s Relative Strength Rating is largely attributed to its strong financial performance.
The company’s strong performance also resulted in a favorable outlook from analysts. Many analysts covering SandRidge Energy have given it an “Outperform” rating, citing its strong operational performance and its focus on capital discipline. It is clear that SandRidge Energy is steadily improving its financial performance and positioning itself to become an even bigger player in the oil and gas industry. The company’s recent achievement of surpassing the 80 Relative Strength Rating milestone is a testament to this progress and indicates that the stock may be worth keeping an eye on for the foreseeable future.
Stock Price
This is a positive indicator for the company and its stock, as it indicates that media sentiment towards the company is mostly positive. On Tuesday, SANDRIDGE ENERGY stock opened at $17.5 and closed at $17.4, up by 1.1% from previous closing price of 17.2. The Relative Strength rating is used by investors to measure the performance of a company’s stock relative to its peers. A rating of 80 is considered to be very good, and suggests that the stock has outperformed most other companies in its sector.
The fact that SandRidge Energy has achieved such a high Relative Strength rating shows that media sentiment towards the company is largely positive. This is likely due to the company’s strong financial performance in recent quarters, as well as its commitment to providing innovative energy solutions. With such a high Relative Strength rating, SandRidge Energy is in a good position to continue to grow and expand its operations in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sandridge Energy. More…
| Total Revenues | Net Income | Net Margin |
| 252.62 | 173.78 | 59.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sandridge Energy. More…
| Operations | Investing | Financing |
| 178.57 | -35.05 | -1.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sandridge Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 500.44 | 118.14 | 8.96 |
Key Ratios Snapshot
Some of the financial key ratios for Sandridge Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.7% | 31.1% | 69.2% |
| FCF Margin | ROE | ROA |
| 57.2% | 30.5% | 21.7% |
VI Analysis
SANDRIDGE ENERGY may be a good investment option for those looking for a medium risk investment. The company’s fundamentals are easily accessible through the VI App, which provides a comprehensive analysis of the company’s long term potential. Based on the VI Risk Rating, SANDRIDGE ENERGY is considered to be of medium risk in terms of financial and business aspects. The VI App additionally features 3 risk warnings which have been detected in the income sheet, balance sheet, and cashflow statement. To gain access to these warnings, users must become registered members of the VI App. Overall, the VI App provides an overview of the company’s financial health and potential for long-term success. With its easy-to-use interface and comprehensive risk rating, it is an ideal tool for investors looking for an accessible way to evaluate potential investments. More…
VI Peers
SandRidge Energy Inc is an American oil and natural gas company headquartered in Oklahoma City, Oklahoma. As of December 31, 2015, the company had 1,206.6 million barrels of oil equivalent of estimated proved reserves, of which 55% was petroleum, 41% was natural gas and 4% was natural gas liquids. The company also had estimated proved reserves of 2,473.5 Mboe in Canada. The company’s estimated proved reserves were primarily located in the Mid-Continent, Mississippi, Gulf Coast and Permian Basin regions.
– Traverse Energy Ltd ($TSX:PNE)
Pine Cliff Energy is a Canadian oil and gas company with a market cap of $589.7 million as of 2022. The company has a return on equity of 77.26%. Pine Cliff Energy is engaged in the exploration, development, production and marketing of natural gas and crude oil in Alberta and British Columbia, Canada.
– Pine Cliff Energy Ltd ($TSXV:SCD)
The company’s market cap is $1.37 million and its ROE is 11.39%. The company is involved in the exploration and production of oil and gas.
Summary
SandRidge Energy has recently achieved the impressive milestone of surpassing an 80 Relative Strength Rating. This strong performance has been reflected in the mostly positive sentiment from the media. Investors should consider the potential of this stock, as it has seen consistent growth in its ratings, providing an opportunity for solid returns. SandRidge Energy is a reliable company with a solid track record, making it a great choice for those looking to invest in the energy sector.
Analysts note that the company has a strong balance sheet, a good financial position, and a steady business model that should continue to provide benefits to shareholders. Furthermore, SandRidge Energy’s prospects look strong as they continue to take advantage of new opportunities in the energy sector. With these factors in mind, investors should consider taking a closer look at this stock and its potential for long-term returns.
