| Sandridge Energy reports 1Q loss | |
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OKLAHOMA CITY (AP) _ Sandridge Energy Inc. (SD) on Wednesday reported a loss of $1.03 billion in its first quarter.
On a per-share basis, the Oklahoma City-based company said it had a loss of $2.19. Earnings, adjusted for asset impairment costs and non-recurring costs, were less than 1 cent on a per-share basis.
The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The independent oil and gas company posted revenue of $215.3 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $292.5 million.
In the final minutes of trading on Wednesday, the company's shares hit $1.77. A year ago, they were trading at $6.70.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SD at http://www.zacks.com/ap/SD
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Keywords: Sandridge Energy, Earnings Report
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SandRidge Energy
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CODE : SD |
ISIN : US80007P3073 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
SandRidge is a exploration company based in United states of america. SandRidge is listed in United States of America. Its market capitalisation is US$ 525.6 millions as of today (€ 490.9 millions). Its stock quote reached its lowest recent point on January 06, 2016 at US$ 0.15, and its highest recent level on April 24, 2024 at US$ 14.66. SandRidge has 35 850 000 shares outstanding. |