Professional
Added to YB: 2024-10-23
Pitch date: 2024-10-23
SD [bullish]
SandRidge Energy, Inc.
+35.92%
current return
Author Info
No bio for this author
Company Info
SandRidge Energy, Inc. engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent.
Market Cap
$357.2M
Pitch Price
$10.77
Price Target
N/A
Dividend
4.57%
EV/EBITDA
3.83
P/E
5.70
EV/Sales
2.08
Sector
Oil, Gas and Consumable Fuels
Category
value
Third Avenue Small Cap Value Fund New Position: SandRidge Energy, Inc.
SD: Small-cap US oil/gas E&P at discount to PV-10, double-digit FCF yield. Net cash balance, large NOLs from bankruptcy. Mid-Continent focus, recent $144M Upland acquisition. Potential for more M&A, accelerating NOL use. History of dividends. No sell-side coverage. Upside from possible gas price recovery.
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