SandRidge Energy Inc. (NYSE:SD) shares down by 2.83%


Dallas, Texas 08/13/2013 (Financialstrend) – SandRidge Energy Inc. (NYSE:SD) declared the appointment of James Bennett effective from August 12, 2013 as SandRidge’s Chief Executive Officer and President, to the Board of Directors. SandRidge Energy Inc. lifted up this year’s estimate for produce in its Mississippi Lime wells, a key resource of growth for the company, by around 4% and increased its viewpoint on the whole oil and gas fabrication by around 2%.

SandRidge Energy, Inc. is due to concern its quarterly returns report. Given its history, traders can anticipate very vigorous trading in the upcoming After-hours session immediately following the firm’s release of its quarterly revenues. An examination of historical pre-market and after-hours trading actions and liquidity situations in SD following an incomes release indicates that the value change in the extended hours is likely to be of important value in forecasting additional value movement in the following regular session.

The firm reported a 2nd quarterly period loss of around $34 million that is 7 cents a share as against an income of around $804 million that is $1.46 a share recorded during the same period of 2012.

SandRidge Energy Inc. had closed on Monday with a price of $5.15 per share, which was observed to be a loss of 2.83% over its previous close. Through the trading session, the stock had set intraday low at $5.10 and intraday high at $5.29 per share. In the past 52 weeks, the company had touched bottoms at $4.52 and peaks at $7.80 per share. There are presently 498.41 million outstanding shares in the market with 70% institutional holding and $2.57 billion market cap. On Monday, the stock had a trading volume of 15.67 million shares and average level of trading at 8.68 million shares per day.

SandRidge Energy, Inc. is an oil and natural gas company. SandRidge and its subsidiaries also own and function as gas gathering and processing amenities and perform marketing functions. In adding together, a wholly-owned subsidiary of SandRidge, Lariat Services, Inc owns and functions a drilling rig and associated oil field services industry

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