Freedom Broker upgraded SandRidge Energy (NYSE:SD) to Hold from Sell on Tuesday, maintaining its price target of $15.00.
The upgrade follows the company's first-quarter 2026 results, which exceeded Freedom Broker's estimates. The outperformance was driven by stronger realized natural gas prices, though operational performance was mixed, according to analyst Sergey Pigarev.
SandRidge Energy increased its quarterly dividend by 8.3% to $0.13 per share, representing a 3.4% annualized yield. The company also declared a special dividend of $0.20 per share for the quarter. The stock currently trades at a P/E ratio of 7.78 with a PEG ratio of 0.42, suggesting attractive valuation relative to growth prospects.
The company did not repurchase shares during the period. Freedom Broker described this decision as prudent given recent share price strength and negative free cash flow.
In other recent news, SandRidge Energy reported strong first-quarter 2026 results, beating earnings and revenue expectations. EPS came in at $0.59, surpassing the anticipated $0.39, and revenue reached approximately $50 million, exceeding the forecasted $45 million.
