Morgan Keegan Maintains Outperform Rating and $18 PT on SandRidge Energy

A report from Morgan Keegan reiterates its Outperform rating and $18 price target on SandRidge Energy

. The report states, “While we recognize a material cash flow gap will be a hurdle for some investors, as further assets are monetized (Trust options), we think the outlook will clarify and management's 3-year plan will start to gain more traction with investors… We understand the stock has been under some pressure during a very difficult period for all equities in Q3 - but the 2012 outlook will brighten considerably once the funding gap is addressed." SD closed Friday at $7.86.