Market Overview

UPDATE: Wunderlich Securities Initiates SandRidge Energy with Buy and $8 PT

Related SD
Benzinga's Top Upgrades, Downgrades For February 22, 2017
SandRidge Energy, Inc. Announces Acquisition of Pinon Gathering Company, LLC , $48M Cash And $78M In Sr. Secured Notes

Wunderlich Securities initiates its coverage on SandRidge Energy (NYSE: SD) with a Buy and a price target of $8.

Wunderlich Securities comments, "The company has transitioned nicely from a natural gas focus toward oil in the past few years and now is a dominant player in both the Horizontal Mississippian play in Oklahoma/Kansas and the Permian basin. Funding the transition has been a concern for SandRidge in the past, but with ample liquidity currently, strong (and improving) oil production, and multi-year drilling inventory, we believe the company can now focus on execution. We expect SandRidge to exhibit significant EBITDA and cash flow growth in the coming years as it continues to develop its highly economic plays."

SD closed at $6.31 on Wednesday.

Latest Ratings for SD

Jul 2015WunderlichUpgradesSellHold
Jul 2015Credit SuisseAssumesSell
May 2015Stephens & Co.MaintainsOverweight

View More Analyst Ratings for SD
View the Latest Analyst Ratings

Posted-In: Wunderlich SecuritiesAnalyst Color Price Target Initiation Intraday Update Analyst Ratings


Related Articles (SD)

View Comments and Join the Discussion!