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SandRidge Energy Inc (SD)
NYSE:SD
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SandRidge Energy
(NYSE:SD)
61Neutral
SandRidge Energy (SD) vs. S&P 500 (SPY)
Market Cap
$347.68M
Dividend Yield4.69%
Average Volume (3M)375.06K
Price to Earnings (P/E)5.5
Beta (1Y)0.79
Revenue Growth-15.94%
EPS Growth2.90%
CountryUS
Employees104
SectorEnergy
Sector Strength50
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)1.69
Shares Outstanding37,145,230
10 Day Avg. Volume336,497
30 Day Avg. Volume375,063
Financial Highlights & Ratios
PEG Ratio1.90
Price to Book (P/B)N/A
Price to Sales (P/S)3.50
Price to Cash Flow (P/CF)5.10
P/FCF Ratio9.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
SandRidge Energy Business Overview & Revenue Model
Company DescriptionSandRidge Energy, Inc. is an independent oil and natural gas company engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company primarily operates in the Mid-Continent region, with a focus on developing and producing hydrocarbons from the Mississippi Lime formation, among other geological formations. SandRidge Energy is headquartered in Oklahoma City, Oklahoma, and it is committed to maximizing its resource potential through efficient operational practices and strategic asset management.
How the Company Makes MoneySandRidge Energy generates revenue primarily through the sale of oil, natural gas, and natural gas liquids produced from its exploration and production activities. The company's key revenue streams include the extraction and sale of these hydrocarbons to various customers, including refiners, utilities, and other industrial entities. Revenue is influenced by commodity prices, production volumes, and the company's ability to efficiently manage its operational costs. Additionally, SandRidge Energy may engage in strategic partnerships, joint ventures, or hedging activities to mitigate risks associated with fluctuating market conditions and to optimize its financial performance.
SandRidge Energy Financial Statement Overview
Summary
SandRidge Energy demonstrates strong profitability and robust cash management with a net profit margin of 52.6% and efficient operations reflected in a 50.2% EBITDA margin. However, the company faces challenges with a significant revenue decline of -42.2% and a concerning balance sheet structure, notably the absence of stockholders' equity, which poses a significant risk.Income Statement
SandRidge Energy's TTM data shows a gross profit margin of 35.1% and a net profit margin of 52.6%, indicating strong profitability. However, revenue decreased significantly from previous years, with a negative revenue growth rate of -42.2%. The EBIT margin is 26.9%, and the EBITDA margin is 50.2%, reflecting efficient operations despite the revenue decline.65
Positive
Balance Sheet
The balance sheet reveals a concerning situation with zero stockholders' equity in the TTM period and no debt, resulting in undefined debt-to-equity and equity ratios. The absence of stockholders' equity indicates potential financial instability despite a strong cash position.40
Negative
Cash Flow
SandRidge Energy's cash flow is robust with a free cash flow of 73.9 million USD and a strong operating cash flow to net income ratio of 1.63. Despite the decline in revenue, the company maintains healthy cash flow metrics, suggesting effective cash management.75
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 125.29M | 148.64M | 254.26M | 168.88M | 114.98M | Gross Profit |
| 46.02M | 73.73M | 179.21M | 107.52M | 3.83M | EBIT |
| 33.23M | 64.18M | 175.45M | 114.09M | -14.20M | EBITDA |
| 73.36M | 97.10M | 193.72M | 111.42M | -218.16M | Net Income Common Stockholders |
| 62.99M | 60.86M | 242.17M | 116.74M | -277.35M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 98.13M | 252.41M | 255.72M | 137.26M | 22.13M | Total Assets |
| 581.51M | 574.17M | 600.50M | 352.91M | 260.83M | Total Debt |
| 0.00 | 862.00K | 1.66M | 0.00 | 20.00M | Net Debt |
| -98.13M | -252.41M | -254.06M | -137.26M | -2.13M | Total Liabilities |
| 120.98M | 106.06M | 112.58M | 107.59M | 132.77M | Stockholders Equity |
| 460.53M | 468.11M | 487.92M | 245.32M | 128.07M |
| Cash Flow | Free Cash Flow | |||
| 73.93M | 77.94M | 120.56M | 98.62M | 27.40M | Operating Cash Flow |
| 73.93M | 115.58M | 164.70M | 110.26M | 36.16M | Investing Cash Flow |
| -154.70M | -36.16M | -45.12M | 22.97M | 25.09M | Financing Cash Flow |
| -73.67M | -82.94M | -1.64M | -21.98M | -38.96M |
SandRidge Energy Technical Analysis
Negative
9.36
Price Trends
10.91
Negative
11.25
Negative
11.68
Negative
Market Momentum
-0.50
Negative
38.58
Neutral
46.28
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 9.36 is below the 20-day moving average (MA) of 9.97, below the 50-day MA of 10.91, and below the 200-day MA of 11.68, indicating a bearish trend. The MACD of -0.50 indicates Negative momentum. The RSI at 38.58 is Neutral, neither overbought nor oversold. The STOCH value of 46.28 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
Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $343.32M | 3.93 | 15.87% | ― | 135.04% | ― | |
66 Neutral | $356.88M | 6.18 | 11.79% | 7.27% | 5.26% | -1.52% | |
61 Neutral | $347.68M | 5.53 | 13.57% | 4.69% | -15.94% | 2.90% | |
61 Neutral | $300.06M | 8.15 | 30.45% | ― | 91.49% | 106.37% | |
60 Neutral | $351.99M | 3.72 | 50.82% | 8.61% | -12.66% | -7.08% | |
55 Neutral | $7.11B | 3.51 | -6.23% | 6.00% | >-0.01% | -51.70% |
* Energy Sector Average
Performance Comparison
SD
SandRidge Energy
9.36
-4.69
-33.38%
PNRG
Primeenergy
178.10
76.13
74.66%
EGY
Vaalco Energy
3.42
-2.68
-43.93%
GPRK
GeoPark
6.86
-2.20
-24.28%
GFR
Greenfire Resources
4.99
-1.10
-18.06%
SandRidge Energy Earnings Call Summary
Earnings Call Date: Mar 10, 2025 | % Change Since: -15.98% | Next Earnings Date: May 13, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a mixed sentiment with considerable achievements in production growth, dividends, and strategic developments in the Cherokee play. However, challenges such as low natural gas prices, increased capital expenditures, and inflationary pressures pose significant concerns.Highlights
Strong Production Growth
Total production averaged over 19 MBoe per day, representing a 19% increase year-over-year on a Boe basis and a 28% increase on an oil basis.
Significant Cash Dividends
Paid $72 million in dividends in 2024, contributing to a total of $154 million in dividends over two years.
No Debt and Strong Cash Position
The company has no term debt or revolving debt obligations, with cash, including restricted cash, just under $100 million.
Successful Cherokee Play Developments
Completed first operated wells in the Cherokee play with three DUCs achieving costs below historical industry average, and closed a second acquisition in the Cherokee Shale play.
Adjusted EBITDA Achievement
Generated adjusted EBITDA of $24 million in Q4 and $69 million for the year, despite headwinds from natural gas prices.
Lowlights
Headwinds from Natural Gas Prices
Faced challenges due to low natural gas prices last year, which affected overall revenue.
Increased Capital Expenditures
Projected capital expenditures for 2025 are significantly higher, with a budget between $66 million and $85 million, three times higher than the previous year.
Backwardated Natural Gas Pricing
Natural gas prices are backwardated after 2025, posing a challenge to long-term planning and investment.
Inflationary Pressures on Operating Costs
Despite efforts to control costs, inflationary pressures continue to impact lease operating expenses and capital workovers.
Company Guidance
In the SandRidge Energy Fourth Quarter 2024 Conference Call held on March 12, 2025, several key financial and operational metrics were highlighted. The company's total production for the fourth quarter averaged over 19 MBoe per day, with 48% comprising liquids, marking a 19% year-over-year increase on a Boe basis and a 28% increase on an oil basis. Despite challenges from low natural gas prices, SandRidge reported an adjusted EBITDA of $24 million for Q4 and $69 million for the entire year. The company's cash reserves, including restricted cash, were just under $100 million by year-end, translating to more than $2.68 per share. SandRidge paid $72 million in dividends in 2024, with $16 million from regular dividends and $56 million from special dividends. The year-end net income stood at approximately $18 million for Q4 and $63 million for the full year, resulting in earnings of $0.47 per share and $1.69 per share, respectively. The company reported net cash provided by operating activities of approximately $26 million for Q4 and $74 million for the year. Additionally, SandRidge generated free cash flow before acquisitions of approximately $13 million during the quarter and $48 million for the year. The company plans to spend between $66 million and $85 million in its 2025 capital program, which includes $47 million to $63 million for drilling and completions and $19 million to $22 million for capital workovers, production optimization, and selective leasing in the Cherokee Play. Despite increased capital expenditures, the company maintains no term or revolving debt obligations, allowing it to fund all capital expenditures and returns from cash flow and the existing cash balance.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.