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|
Type
|
Public company |
|---|---|
| Traded as | NYSE: SD |
| Industry | Oil and gas industry |
| Founded | 2006 |
| Founder | Tom L. Ward |
| Headquarters | Oklahoma City, United States |
|
Key people
|
James Bennet, CEO |
| Products | Petroleum Natural gas |
|
Production output
|
47.7 thousand barrels of oil equivalent (292,000 GJ) per day (2016) |
| Revenue |  $304 million (2016) |
|
Net income
|
-$1.200 billion (2016) |
| Total assets | $1.081 billion (2016) |
| Total equity |  $0.512 billion (2016) |
|
Number of employees
|
2,200 |
| Website | www |
SandRidge Energy, Inc. is a petroleum and natural gas exploration company headquartered in Oklahoma City, United States.
SandRidge was founded in 2006 by Tom L. Ward by buying approximately 50% of Riata Energy of Amarillo, Texas. Ward previously co-founded Chesapeake Energy with Aubrey McClendon and was the chief operating officer of that company from 1989 until 1996.
On November 5, 2007, the company became a public company via an initial public offering
In April 2012, the company acquired Dynamic Offshore Resources, LLC for $680 million in cash and approximately 74 million shares of stock.
On June 19, 2013, after a series of missteps, CEO Tom L. Ward was ousted by the board of the directors and James Bennett became President and CEO. Bennett first joined the company in 2010 and previously worked at GSO Capital Partners.
In 2014, the company sold its assets in the Gulf of Mexico for $750 million.
In October 2015, the company acquired Pinon Gathering Company, owner of 370 miles of gathering lines.
In November 2015, the company acquired 136,000 net acres in the Niobara shale formation for $190 million in cash.
In 2016, the company went through a Chapter 11 bankruptcy reorganization.
The economies of Harper, Sumner and adjacent southern Kansas and northern Oklahoma counties suffered under the impact of fracking. Earthquakes, due to induced seismicity produced by injected wastes, had also substantially reduced in frequency and intensity, due to a Kansas Corporation Commission order mandating cutbacks in injection well volumes and pressures. SandRidge, which along with Chesapeake Energy was one of the two major producers in Southcentral Kansas, appealed the order.
In 2016, the company produced 47.7 thousand barrels of oil equivalent (292,000 GJ) per day.
SandRidge owns oil properties in the Mid-Continent, which accounts for 93% of production. It also owns properties in the Permian Basin, West Texas and in the Niobrara Formation of Colorado.
The company has formed 3 public royalty trusts:
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q2 2021 | 2022-08-03 | 0.00 | 0.00 |
| Q1 2021 | 2022-05-04 | 0.00 | 0.00 |
| Q4 2020 | 2022-03-09 | 0.00 | 0.00 |
| Q3 2020 | 2021-11-09 | 0.00 | 0.00 |
| Q2 2020 | 2021-08-10 | 0.00 | 0.00 |
| Q1 2020 | 2021-05-11 | 0.00 | 0.00 |
| Q4 2019 | 2021-03-03 | 0.00 | 0.00 |
| Q3 2019 | 2019-11-12 | 0.00 | -5.12 |
| Q2 2019 | 2019-08-07 | 0.00 | -0.38 |
| Q1 2019 | 2019-05-08 | 0.00 | -0.15 |
| 2016-02-01 | Downgrade | SunTrust | Buy to Neutral | |
| 2016-02-01 | Downgrade | SunTrust Banks Inc. | Buy to Neutral | |
| 2016-01-28 | Downgrade | Wunderlich | Hold to Sell | |
| 2015-10-21 | Lower Price Target | SunTrust | Neutral | $1.00 to $0.50 |
| 2015-10-21 | Lower Price Target | Robert W. Baird | $2.00 to $1.00 | |
| 2015-08-07 | Lower Price Target | SunTrust | $1.50 to $1.00 | |
| 2015-07-28 | Upgrade | Wunderlich | Sell to Hold | $1.00 to $0.50 |
| 2015-07-22 | Reiterated Rating | Credit Suisse | Sell | |
| 2015-07-22 | Reiterated Rating | Credit Suisse Group AG | Sell | |
| 2015-07-21 | Lower Price Target | Global Hunter Securities | Sell | $1.00 to $0.50 |
| 2015-07-21 | Lower Price Target | Seaport Global Securities | Sell | $1.00 to $0.50 |
| 2015-05-23 | Reiterated Rating | RBC Capital | Sector Perform | $2.00 to $1.50 |
| 2015-05-23 | Reiterated Rating | Royal Bank Of Canada | Sector Perform | $2.00 to $1.50 |
| 2015-05-12 | Reiterated Rating | Stephens | Overweight | $2.50 to $2.00 |
| 2015-04-15 | Initiated Coverage | Goldman Sachs | Sell | |
| 2015-04-15 | Initiated Coverage | Goldman Sachs Group Inc. | Sell | |
| 2015-03-17 | Downgrade | Global Hunter Securities | Neutral to Sell | $1.75 to $1.20 |
| 2015-03-17 | Downgrade | Seaport Global Securities | Neutral to Sell | $1.75 to $1.20 |
| 2015-03-02 | Downgrade | KLR Group | Hold to Sell | |
| 2015-02-02 | Lower Price Target | Howard Weil | Sector Perform | $3.00 to $1.00 |
| 2015-01-20 | Upgrade | KLR Group | Reduce to Hold | |
| 2015-01-14 | Downgrade | Barclays | Equal Weight to Underweight | $1.50 to $0.50 |
| 2015-01-14 | Downgrade | Barclays PLC | Equal Weight to Underweight | $1.50 to $0.50 |
| 2015-01-09 | Set Price Target | Wunderlich | Sell | $1.00 |
| 2015-01-06 | Downgrade | Raymond James | Market Perform to Underperform | |
| 2015-01-06 | Downgrade | Raymond James Financial Inc. | Market Perform to Underperform | |
| 2014-12-30 | Downgrade | SunTrust | Buy to Neutral | |
| 2014-12-16 | Lower Price Target | Barclays | Equal Weight | $5.00 to $1.50 |
| 2014-12-16 | Initiated Coverage | JMP Securities | Outperform | |
| 2014-12-16 | Downgrade | Wunderlich | Hold to Sell | $5.00 to $1.00 |
| 2014-12-15 | Downgrade | SunTrust | Buy to Neutral | |
| 2014-11-24 | Reiterated Rating | Morningstar | Poor | |
| 2014-11-24 | Reiterated Rating | Morningstar Inc. | Poor | |
| 2014-10-22 | Reiterated Rating | Wunderlich | Hold | $6.00 to $5.00 |
| 2014-10-15 | Downgrade | Credit Suisse | Neutral to Underperform | $5.80 to $3.90 |
| 2014-10-09 | Reiterated Rating | Barclays | Equal Weight | $6.00 to $5.00 |
| 2014-09-02 | Upgrade | Stifel Nicolaus | Hold to Buy | $6.75 |
| 2014-08-26 | Lower Price Target | RBC Capital | $7.00 to $6.00 | |
| 2014-08-08 | Lower Price Target | Wunderlich | $7.00 to $6.00 | |
| 2014-08-08 | Lower Price Target | Barclays | $7.00 to $6.00 | |
| 2014-08-07 | Reiterated Rating | Citigroup Inc. | Neutral | $6.40 to $6.10 |
| 2014-08-07 | Downgrade | Global Hunter Securities | Accumulate to Neutral | $8.00 to $7.00 |
| 2014-08-07 | Downgrade | Seaport Global Securities | Accumulate to Neutral | $8.00 to $7.00 |
| 2014-07-23 | Boost Price Target | Barclays | $6.00 to $7.00 | |
| 2014-07-18 | Reiterated Rating | Deutsche Bank | Hold | $4.00 to $6.00 |
| 2014-07-18 | Reiterated Rating | Deutsche Bank AG | Hold | $4.00 to $6.00 |
| 2014-05-13 | Boost Price Target | SunTrust | Buy | $8.00 to $9.00 |
| 2014-05-12 | Boost Price Target | Robert W. Baird | $7.00 to $8.00 | |
| 2014-05-09 | Reiterated Rating | Wunderlich | Hold | $7.00 |
| 2014-03-11 | Boost Price Target | Credit Suisse | $4.70 to $6.20 | |
| 2014-03-07 | Upgrade | Stephens | Equal Weight to Overweight | $7.00 to $9.00 |
| 2014-03-03 | Upgrade | Global Hunter Securities | Neutral to Accumulate | $7.00 to $8.00 |
| 2013-11-06 | Reiterated Rating | Goldman Sachs | Hold | $6.00 |
| 2013-10-23 | Boost Price Target | Wunderlich | Hold | $5.00 to $7.00 |
| 2013-10-21 | Reiterated Rating | Goldman Sachs | Hold | $6.00 |
| 2013-10-21 | Boost Price Target | Barclays | Equal Weight | $5.00 to $6.00 |
| 2013-10-18 | Boost Price Target | Robert W. Baird | Neutral | $5.00 to $7.00 |
| 2013-09-24 | Upgrade | Goldman Sachs | Sell to Neutral | $6.00 |
| 2013-03-06 | Reiterated | Howard Weil | Sector Perform | $8 to $7 |
| 2013-02-04 | Downgrade | Ladenburg Thalmann | Buy to Neutral | $10 to $7 |
| 2012-12-20 | Downgrade | KeyBanc Capital Mkts | Buy to Hold | |
| 2012-11-12 | Reiterated | Canaccord Genuity | Hold | $6 to $4 |
| 2012-11-12 | Downgrade | Global Hunter Securities | Buy to Neutral | $9 to $5 |
| 2012-03-01 | Downgrade | Canaccord Genuity | Hold to Sell | $7 to $6 |
| 2012-02-27 | Upgrade | Global Hunter Securities | Neutral to Buy | $8.50 to $13 |
| 2012-02-02 | Downgrade | Howard Weil | Market Outperform to Market Perform | $10 to $10 |
| 2016-02-01 | Downgrade | SunTrust | Buy to Neutral | |
| 2016-02-01 | Downgrade | SunTrust Banks Inc. | Buy to Neutral | |
| 2016-01-28 | Downgrade | Wunderlich | Hold to Sell | |
| 2015-10-21 | Lower Price Target | SunTrust | Neutral | $1.00 to $0.50 |
| 2015-10-21 | Lower Price Target | Robert W. Baird | $2.00 to $1.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In SD 106 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| ICAHN CARL C | 4.82M |
| BlackRock Inc. | 1.70M |
| Vanguard Group, Inc | 1.66M |
| RENAISSANCE TECHNOLOGIES LLC | 1.26M |
| DIMENSIONAL FUND ADVISORS LP | 1.24M |
| D. E. Shaw & Co., Inc. | 0.87M |
| NEW GENERATION ADVISORS LLC | 0.87M |
| CANNELL CAPITAL LLC | 0.79M |
| FMR LLC | 0.75M |
| TEACHERS ADVISORS INC | 0.64M |
| Invesco Ltd. | 0.63M |
| STATE STREET CORP | 0.61M |
| GEODE CAPITAL MANAGEMENT, LLC | 0.54M |
| CITADEL ADVISORS LLC | 0.44M |
| ACADIAN ASSET MANAGEMENT LLC | 0.34M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| ICAHN CARL C | 0.98% (4818832) | ARII / CVI / CVRR / ENZN / FDML / FRX / HAIN / HLF / HOLX / HTZ / IEP / LNG / MENT / NAV / NUAN / PBY / RNF / SD / TTWO / VGR / VLTC / WBMD / WCIC / XRX / |
| Tyrus Capital S.A.M. | 0.44% (2154161) | SD / |
| Clement Kevin Executive Vice President | 0.12% (569359) | NGL / SD / |
| LAWLER DAVID C. EVP & Chief Operating Officer | 0.10% (472038) | SD / |
| Turk Steven Darrell EVP & Chief Operating Officer | 0.09% (447472) | SD / |
| Bennett James Donald President and CEO | 0.07% (359148) | CQP / SD / |
| CHANG WAYNE SVP - Midstream | 0.07% (321624) | SD / |
| WHITSON MARY L. SVP - Corporate & HR | 0.06% (294433) | SD / |
| DOBSON EVERETT R | 0.06% (275460) | SD / |
| COOLEY RANDALL D. Senior VP - Accounting | 0.05% (258173) | SD / |
| Serota Jeffrey | 0.05% (239736) | CIFC / SD / UPIP / XCO / |
| Brewer Jim Jones Jr | 0.05% (227297) | SD / |
| OLIVER ROY T JR | 0.04% (215981) | SD / |
| WHITE KEVIN R. SVP - Business Development | 0.04% (187311) | SD / |
| Bott Julian Mark Chief Financial Officer | 0.03% (157641) | EQM / SD / SWN / |
| Westbrook Dan Allen | 0.03% (156351) | EEP / MEP / SD / |
| BEASLEY STEPHEN C | 0.03% (141351) | BPZ / SD / WGL / |
| WEBER ALAN J | 0.03% (141351) | BR / DBD / SD / |
| MONEYPENNY EDWARD W | 0.03% (141351) | NWY / SD / |
| LEBLANC EDDIE M III EVP - Chief Financial Officer | 0.03% (136813) | SD / |
| Grubert Duane M EVP - Investor Relations | 0.02% (102023) | SD / |
| STICE J MICHAEL | 0.02% (88236) | ACMP / MPC / MPLX / MWE / SD / SLCA / |
| SUTER JOHN PATRICK EVP & Chief Operating Officer | 0.02% (85893) | SD / |
| GRIFFIN ROBERT SCOTT SVP - People and Culture | 0.01% (55805) | SD / |
| WARMAN PHILIP T SVP, Gen Counsel & Secretary | 0.01% (50267) | SD / |
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