SandRidge Energy Inc Stock Research

Market Summary

USD13.80-0.15

Market Closedas of 27 Mar 2023, 09:40 am

-1.08%

SD Alerts

Big jump in Earnings (Y/Y)

SD Stock Price

SD RSI Chart

SD Valuation

Market Cap

514.3M

Price/Earnings (Trailing)

2.12

Price/Sales (Trailing)

2.02

EV/EBITDA

3.42

Price/Free Cashflow

4.17

SD Price/Sales (Trailing)

SD Profitability

EBT Margin

51.13%

Return on Equity

45.46%

Return on Assets

34.73%

Free Cashflow Yield

23.95%

SD Fundamentals

SD Revenue

Revenue (TTM)

254.3M

Revenue Y/Y

Revenue Q/Q

-20.86%

SD Earnings

Earnings (TTM)

242.2M

Earnings Y/Y

185.6%

Earnings Q/Q

95.86%

Price Action

52 Week Range

12.6229.28

(Low)(High)

Last 7 days

2.6%

Last 30 days

-0.9%

Last 90 days

-19.7%

Trailing 12 Months

-13.9%

SD Financial Health

Current Ratio

3.87

SD Investor Care

Shares Dilution (1Y)

0.53%

Diluted EPS (TTM)

6.52

Peers (Alternatives to SandRidge Energy)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
EOG	61.5B	25.7B	-10.27%	-8.77%	7.93	2.39	37.87%	66.36%
OXY	60.4B	37.1B	-0.41%	1.34%	4.68	1.64	40.97%	472.95%
DVN	49.8B	19.8B	-13.10%	-23.07%	9.45	2.71	44.20%	113.83%
PXD	45.9B	24.4B	-6.36%	-21.43%	5.86	1.88	36.45%	270.40%
FANG	22.6B	9.6B	-8.65%	-6.96%	5.14	2.34	41.87%	101.01%
APA	14.4B	11.9B	-8.85%	-14.32%	4.67	1.31	50.58%	232.96%
MID-CAP
OVV	8.3B	14.3B	-22.42%	-35.05%	2.3	0.59	36.25%	156.85%
RRC	5.9B	5.3B	-0.33%	-15.91%	4.96	1.1	49.01%	187.38%
MTDR	5.3B	3.2B	-14.56%	-18.45%	4.37	1.66	71.67%	107.57%
OAS	4.4B	3.6B	-33.88%	7.97%	4.99	1.94	130.82%	480.77%
KOS	3.0B	2.2B	-11.67%	-1.81%	13.1	1.32	68.57%	391.06%
CRK	2.9B	3.6B	-10.46%	-10.91%	2.56	0.81	96.03%	571.98%
CPE	1.9B	3.2B	-12.13%	-46.91%	1.56	0.58	60.18%	231.32%
SMALL-CAP
PARR	1.7B	7.3B	7.74%	128.20%	4.55	0.23	55.45%	547.97%
LPI	805.4M	1.9B	-8.19%	-35.44%	1.28	0.42	37.78%	335.50%

Financials for SandRidge Energy

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.6%	254	253	228	193	169
Costs and Expenses	-0.5%	79.00	79.00	82.00	79.00	55.00
EBITDA	0.8%	134	133	-	-	-
EBITDA Margin	-14.9%	0.58*	0.69*	-	-	-
Earnings Before Taxes	-	117	-	-	-	-
EBT Margin	-15.6%	0.51*	0.61*	-	-	-
Interest Expenses	-50.5%	0.00	0.00	1.00	0.00	0.00
Net Income	39.3%	242	174	149	116	117
Net Income Margin	5.7%	0.69*	0.65*	0.60*	0.69*	-
Free Cahsflow	1.8%	137	135	113	99.00	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	20.0%	600	500	449	390	353
Current Assets	9.4%	305	279	241	196	162
Cash Equivalents	7.8%	257	239	203	164	137
Net PPE	-1.5%	95.00	96.00	98.00	-	-
Liabilities	-4.7%	113	118	120	110	108
Current Liabilities	-12.2%	63.00	72.00	75.00	65.00	64.00
Long Term Debt	-	-	-	-	-	-
LT Debt, Non Current	-	-	-	-	-	-
Shareholder's Equity	27.6%	488	382	329	280	245
Retained Earnings	13.7%	-663	-769	-822	-871	-905
Additional Paid-In Capital	8.4%	1,152	1,063	1,063	1,063	1,063
Shares Outstanding	-0.1%	37.00	37.00	37.00	37.00	37.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-7.8%	165	179	156	128	110
Share Based Compensation	2.5%	2.00	1.00	1.00	2.00	1.00
Cashflow From Investing	-28.7%	-45.12	-35.05	-20.07	-16.73	23.00
Cashflow From Financing	14.8%	-1.63	-1.92	-21.54	-22.13	-21.97

Risks for SD

What is the probability of a big loss on SD?

100%

Probability that SandRidge Energy stock will be more than 20% underwater in next one year

88.5%

Probability that SandRidge Energy stock will be more than 30% underwater in next one year.

65.8%

Probability that SandRidge Energy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SD drawdown profile look like?

Y-axis is the maximum loss one would have experienced if SandRidge Energy was unfortunately bought at previous high price.

Drawdowns

Returns for SD

Cumulative Returns on SD

-0.6%

5-Year Cumulative Returns

152.7%

3-Year Cumulative Returns

What are the long-term rolling returns for SD?

FIve years rolling returns for SandRidge Energy.

Annualized Returns

Which funds bought or sold SD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	sold off	-100	-386,000	-	-%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	2,000	44,000	-%
2023-03-01	Lakewood Asset Management LLC	new	-	148,000	148,000	0.12%
2023-02-28	Voya Investment Management LLC	added	0.68	18,808	380,808	-%
2023-02-22	CVA Family Office, LLC	unchanged	-	1,030	17,030	-%
2023-02-21	KB FINANCIAL PARTNERS, LLC	added	4.1	15,000	189,000	0.06%
2023-02-16	SkyView Investment Advisors, LLC	added	4.7	17,000	201,000	0.06%
2023-02-15	FIRST WILSHIRE SECURITIES MANAGEMENT INC	new	-	8,254,000	8,254,000	2.89%
2023-02-15	Metropolitan Life Insurance Co/NY	unchanged	-	953	32,953	-%
2023-02-15	ALLIANCEBERNSTEIN L.P.	unchanged	-	29,875	694,875	-%

Latest Funds Activity

Are funds buying SD calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own SD

No. of Funds

SD Alerts

Big jump in Earnings (Y/Y)

SandRidge Energy News

Schedule 13G FIlings of SandRidge Energy

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Sep 03, 2021	icahn carl c	-	0	SC 13D/A
Jul 28, 2021	icahn carl c	-	0	SC 13D/A
Feb 16, 2021	cannell capital llc	8.83%	3,173,721	SC 13G/A
Feb 05, 2021	guggenheim capital llc	0.18%	63,058	SC 13G/A
Dec 01, 2020	icahn carl c	5.48%	1,969,223	SC 13D/A
Jul 10, 2020	blackrock inc.	2.0%	722,902	SC 13G/A
Feb 14, 2020	cannell capital llc	5.86%	2,095,962	SC 13G
Feb 14, 2020	guggenheim capital llc	5.90%	2,109,062	SC 13G/A
Feb 10, 2020	susquehanna advisors group, inc.	0.6%	227,679	SC 13G/A
Feb 06, 2020	blackrock inc.	6.4%	2,285,724	SC 13G/A

SD Fair Value

SandRidge Energy fair value in different scenarios

The table shows the Fair Value estimates for SandRidge Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	4.96 -64.06%	5.37 -61.09%	6.48 -53.04%	8.27 -40.07%	9.84 -28.70%
Current Inflation	4.87 -64.71%	5.26 -61.88%	6.29 -54.42%	7.93 -42.54%	9.35 -32.25%
Very High Inflation	4.75 -65.58%	5.12 -62.90%	6.06 -56.09%	7.50 -45.65%	8.74 -36.67%

Historical SandRidge Energy Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of SandRidge Energy

View All Filings

Date Filed	Form Type	Document
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 15, 2023	8-K	Current Report
Mar 15, 2023	10-K	Annual Report
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading

Latest Insider Trading transactions for SD

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-15	Gamoudi Salah	acquired	-	-	3,701	evp, cfo and cao
2023-03-15	Pranin Grayson R	sold (taxes)	-25,858	13.06	-1,980	president, ceo and coo
2023-03-15	Pranin Grayson R	acquired	-	-	2,673	president, ceo and coo
2023-03-15	Pranin Grayson R	acquired	-	-	4,010	president, ceo and coo
2023-03-15	Gamoudi Salah	acquired	-	-	2,468	evp, cfo and cao
2023-03-15	Gamoudi Salah	sold (taxes)	-19,772	13.06	-1,514	evp, cfo and cao
2023-02-26	Gamoudi Salah	sold (taxes)	-23,836	14.49	-1,645	evp, cfo and cao
2023-02-26	Gamoudi Salah	acquired	-	-	5,545	evp, cfo and cao
2023-02-26	Pranin Grayson R	acquired	-	-	4,990	president, ceo and coo
2023-02-26	Pranin Grayson R	sold (taxes)	-24,879	14.49	-1,717	president, ceo and coo

About SandRidge Energy

Grayson Pranin

www.sandridgeenergy.com

100

SandRidge Energy, Inc. engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. As of December 31, 2021, it had an interest in 817.0 net producing wells; and operated approximately 368,000 net leasehold acres in Oklahoma and Kansas, as well as total estimated proved reserves of 71.3 million barrels of oil equivalent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.

SD Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Total revenues	$ 254,258	$ 168,882	$ 114,976
Expenses
Lease operating expenses	41,286	35,999	43,431
Production, ad valorem, and other taxes	15,880	9,918	9,634
Depreciation and depletion—oil and natural gas	11,542	9,372	50,349
Depreciation and amortization—other	6,342	6,073	7,736
Impairment	0	0	256,399
General and administrative	9,449	9,675	15,327
Restructuring expenses	382	792	2,733
Employee termination benefits	0	49	8,433
(Gain) loss on derivative contracts	(5,975)	2,251	(5,765)
Gain on sale of assets	0	(18,952)	(100)
Other operating (income) expense	(99)	(382)	306
Total expenses	78,807	54,795	388,483
Income (loss) from operations	175,451	114,087	(273,507)
Other (expense) income
Interest income (expense), net	1,810	(404)	(1,998)
Other income (expense), net	378	3,055	(2,494)
Total other income (expense)	2,188	2,651	(4,492)
Income (loss) before income taxes	177,639	116,738	(277,999)
Income tax (benefit)	(64,529)	0	(646)
Net income (loss)	$ 242,168	$ 116,738	$ (277,353)
Net income (loss) per share
Basic (in dollars per share)	$ 6.59	$ 3.21	$ (7.77)
Diluted (in dollars per share)	$ 6.52	$ 3.13	$ (7.77)
Weighted average number of common shares outstanding
Basic (in shares)	36,745,000	36,393,000	35,689,000
Diluted (in shares)	37,154,000	37,271,000	35,689,000
Oil, natural gas and NGL
Revenues
Total revenues	$ 254,258	$ 168,882	$ 114,450
Other
Revenues
Total revenues	$ 0	$ 0	$ 526

SD Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 255,722	$ 137,260
Restricted cash - other	1,746	2,264
Accounts receivable, net	34,735	21,505
Derivative contracts	4,429	0
Prepaid expenses	523	626
Other current assets	7,747	80
Total current assets	304,902	161,735
Oil and natural gas properties, using full cost method of accounting
Proved	1,507,690	1,454,016
Unproved	11,516	12,255
Less: accumulated depreciation, depletion and impairment	(1,380,574)	(1,373,217)
Net oil and natural gas properties capitalized costs	138,632	93,054
Other property, plant and equipment, net	92,244	97,791
Other assets	190	332
Deferred tax assets	64,529	0
Total assets	600,497	352,912
Current liabilities
Accounts payable and accrued expenses	46,335	45,779
Asset retirement obligations	16,074	17,606
Derivative contracts	0	21
Other current liabilities	870	627
Total current liabilities	63,279	64,033
Asset retirement obligations, net of current	47,635	41,762
Other long-term obligations	1,661	1,795
Total liabilities	112,575	107,590
Commitments and contingencies
Stockholders’ Equity
Common stock, $0.001 par value; 250,000 shares authorized; 36,868 issued and outstanding at December 31, 2022 and 36,675 issued and outstanding at December 31, 2021	37	37
Warrants	0	88,520
Additional paid-in capital	1,151,689	1,062,737
Accumulated deficit	(663,804)	(905,972)
Total stockholders’ equity	487,922	245,322
Total liabilities and stockholders’ equity	$ 600,497	$ 352,912