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OKLAHOMA CITY (AP) _ Sandridge Energy Inc. (SD) on Thursday reported third-quarter net income of $157.3 million, after reporting a loss in the same period a year earlier.
The Oklahoma City-based company said it had profit of 27 cents per share. Earnings, adjusted for non-recurring gains, came to 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The independent oil and gas company posted revenue of $394.1 million in the period, falling short of Street forecasts. Analysts expected $398.4 million, according to Zacks.
In the final minutes of trading on Thursday, the company's shares hit $1.33. A year ago, they were trading at $5.78.
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This story was generated by Automated Insights using data from Zacks Investment Research. SD stock research report from Zacks.
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Keywords:Sandridge Energy,Earnings Report
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SandRidge Energy
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CODE : SD |
ISIN : US80007P3073 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
SandRidge is a exploration company based in United states of america. SandRidge is listed in United States of America. Its market capitalisation is US$ 522.3 millions as of today (€ 457.6 millions). Its stock quote reached its lowest recent point on January 06, 2016 at US$ 0.15, and its highest recent level on March 28, 2024 at US$ 14.57. SandRidge has 35 850 000 shares outstanding. |