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SandRidge Energy
(NYSE:SD)
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Rating:76Outperform
Price Target:
$15.00
▲(8.54% Upside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by strong financial quality (high profitability and a debt-free balance sheet) and attractive valuation (low P/E with a solid dividend). Offsetting these positives, technical indicators point to weakened price momentum versus major moving averages. The latest earnings call supports the thesis with strong operating/cash results and funded guidance, tempered by commodity price exposure from limited hedging and weak gas realizations.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure is a durable competitive advantage in cyclical E&P: it lowers bankruptcy risk, preserves liquidity to fund drilling, acquisitions and dividends through downturns, and provides flexibility to opportunistically deploy cash into accretive projects or buybacks.
Negative Factors
Limited hedge coverage
With roughly 70% of volumes unhedged, the company remains exposed to commodity-price downside. Over a multi-month horizon this increases earnings and FCF volatility, potentially forcing deferred drilling, scaled‑back returns or cash conservation if commodity prices deteriorate materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure is a durable competitive advantage in cyclical E&P: it lowers bankruptcy risk, preserves liquidity to fund drilling, acquisitions and dividends through downturns, and provides flexibility to opportunistically deploy cash into accretive projects or buybacks.
Read all positive factors
SandRidge Energy (SD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$513.90M
Dividend Yield3.31%
Average Volume (3M)320.26K
Price to Earnings (P/E)6.7
Beta (1Y)0.45
Revenue Growth25.58%
EPS Growth18.12%
CountryUS
Employees102
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)2.26
Shares Outstanding36,918,260
10 Day Avg. Volume268,135
30 Day Avg. Volume320,262
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$15.00Price Target Upside8.54% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)2.35
Revenue Forecast (FY)$206.00M
SandRidge Energy Business Overview & Revenue Model
Company Description
SandRidge Energy, Inc. is an energy firm primarily involved in the identification, development, and extraction of crude oil and natural gas resources, predominantly within the U.S. Mid-Continent region. As of December 31, 2021, the company reporte...
How the Company Makes Money
SandRidge primarily makes money by producing and selling crude oil, natural gas, and natural gas liquids (NGLs) from its operated and non-operated wells. Revenue is generated when produced volumes are sold to purchasers (such as marketers, midstre...
SandRidge Energy Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call portrayed robust operational and financial performance: double-digit production and oil growth, substantial revenue and adjusted EBITDA increases, strong cash generation, a clean balance sheet (no debt, large NOLs), an accretive bolt-on acquisition, and standout well results. Negatives were concentrated in a sharp decline in realized gas prices due to regional differentials, limited hedge coverage (~30% of midpoint), manageable cost pressures from diesel/service surcharges, and a modest increase in G&A per BOE. Overall, the positives—significant top-line and cash-flow improvements, strong devex execution, balance-sheet strength, and potential upside from acquisition and well results—outweigh the highlighted risks.Positive Updates
Production Growth
Production increased to 19.7 Mboe/d, up 11% year-over-year on a BOE basis, with oil production rising 22% year-over-year.
Negative Updates
Significant Natural Gas Realization Decline
Realized natural gas price fell meaningfully to $1.36/Mcf for the quarter (from $3.13/Mcf in Q1), driven primarily by widening regional price differentials; market natural gas price averaged just above $3 during the quarter.
Read all updates
Q2-2026 Updates
Positive
Negative
Production Growth
Production increased to 19.7 Mboe/d, up 11% year-over-year on a BOE basis, with oil production rising 22% year-over-year.
Read all positive updates
Company Guidance
Guidance for 2026 centers on a one‑rig Cherokee development program to drill 10 operated wells (complete nine, one completion to carry into 2027) with gross well costs of roughly $9–$11 million each and total 2026 capital spending of $76–$97 million (comprised of $62–$80 million for drilling & completions and $14–$17 million for workovers, production optimization and selective leasing); production hedges cover just under 30% of the midpoint of 2026 guidance (37% of gas and 43% of oil), the company expects to fund all 2026 capex and capital returns with cash flow, and maintains ~ $115 million in cash (~$3.09/share), no debt (negative net leverage), ~ $1.5 billion federal NOLs, break‑even economics on many legacy wells near $40 WTI and $2 Henry Hub, and the Board continues a regular dividend (13¢/share declared Aug 4, payable Aug 31).SandRidge Energy Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 180.12M | 156.36M | 125.29M | 148.64M | 254.26M | 168.88M |
| Gross Profit | 106.13M | 67.45M | 46.02M | 73.73M | 179.21M | 107.52M |
| EBITDA | 132.55M | 108.00M | 73.36M | 97.10M | 187.74M | 113.67M |
| Net Income | 82.96M | 70.20M | 62.99M | 60.86M | 242.17M | 116.74M |
Balance Sheet | ||||||
| Total Assets | 668.08M | 644.02M | 581.51M | 574.17M | 600.50M | 352.91M |
| Cash, Cash Equivalents and Short-Term Investments | 113.34M | 111.00M | 98.13M | 252.41M | 255.72M | 137.26M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 125.40M | 133.15M | 120.98M | 106.06M | 112.58M | 107.59M |
| Stockholders Equity | 542.68M | 510.87M | 460.53M | 468.11M | 487.92M | 245.32M |
Cash Flow | ||||||
| Free Cash Flow | 41.39M | 32.45M | 47.53M | 77.94M | 119.13M | 98.62M |
| Operating Cash Flow | 138.91M | 100.14M | 73.93M | 115.58M | 164.70M | 110.26M |
| Investing Cash Flow | -108.13M | -64.01M | -154.70M | -36.16M | -45.12M | 22.97M |
| Financing Cash Flow | -28.54M | -23.30M | -73.67M | -82.94M | -1.64M | -21.98M |
SandRidge Energy Technical Analysis
Negative
13.82
Price Trends
14.01
Negative
14.63
Negative
14.51
Negative
Market Momentum
-0.13
Positive
45.63
Neutral
26.43
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 13.82 is above the 20-day moving average (MA) of 13.64, below the 50-day MA of 14.01, and below the 200-day MA of 14.51, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 45.63 is Neutral, neither overbought nor oversold. The STOCH value of 26.43 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $513.90M | 6.72 | 15.09% | 3.43% | 25.58% | 18.12% | |
74 Outperform | $2.90B | 5.46 | 27.20% | ― | 49.58% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | $314.78M | -0.97 | -33.01% | ― | -14.01% | -454.24% | |
55 Neutral | $555.70M | -3.89 | -31.67% | 4.50% | -36.31% | -346.60% | |
50 Neutral | $2.30B | -3.35 | -29.09% | 8.50% | -6.81% | -197.47% | |
50 Neutral | $534.11M | -3.78 | 54.96% | 1.09% | 1.41% | -32.56% |
* Energy Sector Average
SD
SandRidge Energy
13.44
3.17
30.85%
NOG
Northern Oil And Gas
20.28
-2.58
-11.30%
EGY
Vaalco Energy
5.16
1.80
53.48%
WTI
W&T Offshore
3.34
1.65
97.52%
REI
Ring Energy
1.28
0.53
70.67%
GPOR
Gulfport Energy
158.45
-10.27
-6.09%
SandRidge Energy Corporate Events
Business Operations and StrategyM&A Transactions
SandRidge Energy Expands Cherokee Play Through New Acquisition
Positive
Jun 29, 2026
On June 26, 2026, SandRidge Energy’s subsidiary SandRidge Exploration and Production, LLC agreed to acquire certain oil and gas properties and related assets from Rockies Resources Holdings for $65 million in cash at closing, plus up to thre...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
SandRidge Energy Shareholders Extend Incentive Plan, Back Board
Positive
Jun 16, 2026
At its annual meeting in Oklahoma City on June 10, 2026, SandRidge Energy stockholders approved an amendment to the company’s 2016 Omnibus Incentive Plan, extending its expiration to June 10, 2036, following prior board approval and with 85....
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.