| Sandridge Energy reports 3Q loss | |
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OKLAHOMA CITY (AP) _ Sandridge Energy Inc. (SD) on Wednesday reported a third-quarter loss of $640.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Oklahoma City-based company said it had a loss of $1.23. Losses, adjusted for non-recurring costs, came to 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The independent oil and gas company posted revenue of $180.2 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit 40 cents. A year ago, they were trading at $3.56.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SD at http://www.zacks.com/ap/SD
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Keywords: Sandridge Energy, Earnings Report
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SandRidge Energy
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CODE : SD |
ISIN : US80007P3073 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
SandRidge is a exploration company based in United states of america. SandRidge is listed in United States of America. Its market capitalisation is US$ 528.8 millions as of today (€ 496.2 millions). Its stock quote reached its lowest recent point on January 06, 2016 at US$ 0.15, and its highest recent level on April 23, 2024 at US$ 14.75. SandRidge has 35 850 000 shares outstanding. |