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Last $0.51 USD
Change Today +0.0072 / 1.43%
Volume 25.9M
SD On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

sandridge energy inc (SD) Snapshot

Open
$0.52
Previous Close
$0.50
Day High
$0.55
Day Low
$0.51
52 Week High
09/2/14 - $5.36
52 Week Low
08/24/15 - $0.40
Market Cap
264.3M
Average Volume 10 Days
12.3M
EPS TTM
$-0.98
Shares Outstanding
518.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SANDRIDGE ENERGY INC (SD)

sandridge energy inc (SD) Related Businessweek News

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sandridge energy inc (SD) Details

SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services. The Exploration and Production segment explores for, develops, and produces oil and natural gas properties; and operates wells. The Drilling and Oil Field Services segment engages in the contract drilling of oil and natural gas wells. This segment also offers oil field services, such as providing pulling units, trucking, rental tools, location, and road construction and roustabout services. The Midstream Services segment purchases, gathers, treats, and sells natural gas. As of December 31, 2014, it had 4,486 gross producing wells; approximately 2,176,000 gross total acres under lease; and 35 rigs drilling in the Mid-Continent, as well as estimated proved reserves were 515.9 million barrels of oil equivalent. The company is headquartered in Oklahoma City, Oklahoma.

1,878 Employees
Last Reported Date: 02/27/15

sandridge energy inc (SD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $890.6K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $376.4K
Senior Vice President of Accounting
Total Annual Compensation: $409.6K
Compensation as of Fiscal Year 2014.

sandridge energy inc (SD) Key Developments

SandRidge Energy, Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Impairment Charges for the Second Quarter of 2015; Provides Production Guidance for the Year 2015

SandRidge Energy, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's total revenues were $229,607,000 compared with $374,714,000 a year ago. Loss from operations was $1,535,083,000 compared with income from operations was $42,079,000 a year ago. Loss before income taxes was $1,588,706,000 compared with $18,446,000 a year ago. Loss applicable to the company common stockholders was $1,375,556,000 or $2.78 per basic and diluted share compared with $46,775,000 or $0.10 per basic and diluted share a year ago. Adjusted EBITDA, net of non-controlling Interest, was $161 million for second quarter 2015 compared to $202 million in second quarter 2014. Adjusted operating cash flow of $111 million for second quarter 2015 compared to $179 million in second quarter 2014. Adjusted net loss of $17.8 million, or $0.03 per diluted share, for second quarter 2015 compared to adjusted net income of $25.7 million, or $0.04 per diluted share, in second quarter 2014. Total capital expenditures were $169,302,000 compared with $391,139,000 a year ago. Net cash provided by operating activities was $140.3 million compared with $263.2 million a year ago. LBITDA was $1,186,698,000 compared with EBITDA was $141,673,000 a year ago. Adjusted EBITDA was $161,044,000 compared with $201,859,000 a year ago. Adjusted net income available to common stockholders was $14,229,000 compared with $24,988,000 a year ago. For the six months, the company's total revenues were $444,915,000 compared with $817,770,000 a year ago. Loss from operations was $2,623,539,000 compared with $40,251,000 a year ago. Loss before income taxes was $2,740,540,000 compared with $160,725,000 a year ago. Loss applicable to the company common stockholders was $337,170,000 or $4.98 per basic and diluted share compared with income of $9,572,000 or $0.41 per basic and diluted share a year ago. Net cash used in operating activities was $628,835,000 compared with net cash provided by operating activities was $34,547,000 a year ago. Capital expenditures for property, plant and equipment was $636,822,000 compared with $656,699,000 a year ago. Adjusted EBITDA, net of non-controlling Interest, was $343 million in the first six months of 2015 compared to $371 million in the first six months of 2014, pro forma for divestitures. Adjusted operating cash flow of $257 million in the first six months of 2015 compared to $306 million in the first six months of 2014. Adjusted net loss of $15.5 million, or $0.03 per diluted share, in the first six months of 2015 compared to adjusted net income of $61.3 million, or $0.11 per diluted share, in the first six months of 2014. Total capital expenditures were $491,231,000 compared with $669,263,000 a year ago. LBITDA was $2,038,220,000 compared with $204,240,000 a year ago. Adjusted EBITDA was $342,658,000 compared with $423,932,000 a year ago. Adjusted net income available to common stockholders was $36,901,000 compared with $53,869,000 a year ago. For the second quarter of 2015, the company's oil production was 2,691 MBbl compared with 2,398 MBbl a year ago. NGL production was 1,349 MBbl compared with 748 MBbl a year ago. Natural gas production was 24,342 MMcf compared with 19,240 MMcf a year ago. Oil equivalent production was 8,097 MBoe compared with 6,353 MBoe a year ago. Daily production was 89.0 MBoed compared with 69.8 MBoed a year ago. For the first half of 2015, the company's oil production was 5,342 MBbl compared with 5,283 MBbl a year ago. NGL production was 2,637 MBbl compared with 1,390 MBbl a year ago. Natural gas production was 48,075 MMcf compared with 40,833 MMcf a year ago. Oil equivalent production was 15,992 MBoe compared with 13,479 MBoe a year ago. Daily production was 88.4 MBoed compared with 74.5 MBoed a year ago. The company announced asset impairment of $1,489,391,000 for the second quarter ended June 30, 2015 compared to $3,133,000 a year ago. For the year 2015, the company projects oil production of 7.9 MMBbls to 8.6 MMBbls, natural gas liquids production of 4.5 MMBbls to 4.9 MMBbls, total liquids production of 12.4 MMBbls to 13.5 MMBbls, natural gas production of 78.4 Bcf to 81.4 Bcf, and total production of 25.5 MMBoe to 27.0 MMBoe.

SandRidge Energy, Inc. Announces Executive Changes

SandRidge Energy, Inc. announced that it has appointed Julian Bott as Executive Vice President and Chief Financial Officer of the company. Mr. Bott, who most recently served as Chief Financial Officer at Texas American Resources Company since 2009, assumes the CFO role from Eddie M. LeBlanc, 66, who has served as CFO since July 2013 and has announced his retirement. Mr. Bott, who will begin his role August 17.

SandRidge Energy, Inc. Receives Non-Compliance Notice From NYSE

SandRidge Energy, Inc. announced that it has fallen below the New York Stock Exchange (NYSE) continued listing requirement that the average closing price of a listed company’s common stock be above $1.00 per share, calculated over a period of 30 consecutive trading days. The company received notice from the NYSE on July 23, 2015 regarding the deficiency. Under the NYSE standards, the company can avoid delisting if, during the six-month period following receipt of the NYSE notice, on the last trading-day of any calendar month, the company’s common stock has a closing price per share and a 30 trading-day average closing share price of at least $1.00. The company intends to consider available alternatives, potentially including a reverse stock split, in order to cure the stock price deficiency and return to compliance with the NYSE continued listing requirement. Under the NYSE’s rules, if the company determines that it will cure the stock price deficiency by taking an action that will require approval by its shareholders at the next annual meeting of shareholders, such as a reverse stock split, the six month period described above will extend to shortly after such annual meeting. During this period, the company’s common stock will continue to be traded on the NYSE, subject to compliance with other continued listing requirements. The NYSE notification does not affect the company’s business operations or its SEC reporting requirements and does not conflict with or cause an event of default under any of the company’s material debt or other agreements. Furthermore, the NYSE notice does not concern its requirement that a listed company have a market capitalization of at least $50 million. Based on the closing price of the company’s common stock on July 24, 2015, the company’s market capitalization was approximately $292 million. Any action such as a reverse stock split would not be expected to affect the company’s market capitalization.

 

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