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Earnings Watch: SandRidge Energy is Scheduled to Report its Quarterly Results in 3 Days (SD)
Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) --
In 3 days the average analyst expectation is for SandRidge Energy (NYSE:SD) to report earnings of $0.01 per share on sales of $550.2 million. Analysts also expect earnings of $0.16 per share for the current full-year period. SandRidge Energy reported a loss of $0.35 per share a year ago, on sales of $310.1 million. In the previous quarter, the company reported earnings of $0.05 per share, topping consensus estimates of a break-even quarter.
There is potential upside of 25.6% for shares of SandRidge Energy based on a current price of $5.96 and an average consensus analyst price target of $7.49. SandRidge Energy shares should first meet resistance at the 50-day moving average (MA) of $6.50 and find additional resistance at the 200-day MA of $6.52.
SmarTrend is tracking the current trend status for SandRidge Energy and will alert subscribers who have SD in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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