Notable News Spotlight: SandRidge Energy (NYSE: SD)

SandRidge Energy (NYSE: SD) spotted trading -59.00% off 52-week high price. On the other end, the stock has been noted 18.68% away from the low price over the last 52-weeks. The stock changed 3.63% to recent value of $8.28. The stock transacted 377019 shares during most recent day however it has an average volume of 458.18K shares. The company has 35.58M of outstanding shares and 34.9M shares were floated in the market.  

SandRidge Energy (NYSE: SD) publicized that the Board of Directors (the “Board”) has appointed Paul D. McKinney as President and Chief Executive Officer, effective January 29, 2019.  Mr. McKinney succeeds the Company’s current President and Chief Executive Officer, Mr. William M. Griffin, who will continue to serve on the SandRidge Board.

Mr. McKinney has thirty-five years of industry experience, most recently having served as President and Chief Operating Officer of Yuma Energy, Inc.  Prior to joining Yuma in 2014, he held a variety of leadership positions with Apache Corporation over a six year period, including Vice President of their Gulf Coast Onshore Region.  Additionally, he was employed by Tristone Capital in 2007 as Vice President and Director of Acquisitions and Divestitures.  Mr. McKinney commenced his career in 1983 with Anadarko Petroleum Corporation, advancing through a variety of engineering and operations positions, ending his time there as Vice-President of Reservoir Engineering for Anadarko Canada Corporation.  Mr. McKinney has a Bachelor of Science degree in Petroleum Engineering and is published as a co-author with the Society of Petroleum Engineers and privately on subjects focused on advanced reservoir engineering methods.

 Its earnings per share (EPS) expected to touch remained -84.50% for this year while earning per share for the next 5-years is expected to reach at 5.00%. SD has a gross margin of 68.20% and an operating margin of -22.50% while its profit margin remained -22.90% for the last 12 months.   According to the most recent quarter its current ratio was 0.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -0.21% from the mean of 20 days, -7.36% from mean of 50 days SMA and performed -35.93% from mean of 200 days price. Company’s performance for the week was -6.23%, 17.11% for month and YTD performance remained 8.80%.

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