SandRidge Energy Inc (SD) stock analysis
Close on Nov 11, 2026Market cap $481.61MP/E 5.0Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Strong22 of 30 checks passed
SandRidge Energy passes 22 of the 30 checks behind our score; 4 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 6/6
- Growth
- 2/6
- Past performance
- 4/6
- Financial health
- 5/6
- Dividend
- 5/6
What stands out
Margin of safety over 20%
The price is 33.4% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $12.99 is below our fair value estimate of $19.50.
Return on equity over 15%
Return on equity was 18.4% over the last twelve months and averaged 33.9% over five years.
Return on capital over 10%
Return on invested capital was 16.8%, above the 10% that usually covers the cost of capital.
What to watch
Revenue growing under 10% a year
Revenue grew -15.0% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew -33.7% a year over the last three fiscal years.
Bankruptcy risk in the grey zone
The Altman Z-score is 1.93; above 3 is the safe zone and below 1.8 the distress zone.
Net margin below its 5-year average
Net margin was 50.1% over the last twelve months, against a 5-year average of 60.1%.
Valuation6/6
P/E below its 5-year median
SandRidge Energy's P/E of 5.0 is below its own 5-year median of 5.9.
P/E below the industry
SandRidge Energy's P/E of 5.0 is below the Crude Petroleum and Natural Gas median of 10.4.
EV/EBITDA below its 5-year median
SandRidge Energy's EV/EBITDA of 3.3 is below its 5-year median of 3.5.
P/B below the industry
SandRidge Energy's price-to-book of 0.85 is below the Crude Petroleum and Natural Gas median of 1.33.
Trading below fair value
The share price of $12.99 is below our fair value estimate of $19.50.
Margin of safety over 20%
The price is 33.4% below fair value, more than the 20% cushion we look for.
Growth2/6
Revenue growing under 10% a year
Revenue grew -15.0% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew -33.7% a year over the last three fiscal years.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 24.9% over the last twelve months; the Crude Petroleum and Natural Gas median is 8.7%.
Guidance raised
SandRidge Energy raised its 2026 Natural Gas (% of HH) outlook on Mar 5, 2026.
Gross margin trend
This company does not report gross profit.
Past performance4/6
Return on equity over 15%
Return on equity was 18.4% over the last twelve months and averaged 33.9% over five years.
Return on capital over 10%
Return on invested capital was 16.8%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
SandRidge Energy's return on equity of 18.4% is above the Crude Petroleum and Natural Gas median of 5.5%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin below its 5-year average
Net margin was 50.1% over the last twelve months, against a 5-year average of 60.1%.
Net margin above the industry
SandRidge Energy's net margin of 50.1% is above the Crude Petroleum and Natural Gas median of 3.8%.
Financial health5/6
No debt
SandRidge Energy has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term assets cover short-term debts
Current assets are 1.52 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 1.93; above 3 is the safe zone and below 1.8 the distress zone.
Dividend5/6
Pays a dividend
SandRidge Energy paid dividends worth 5.4% of the share price over the last twelve months.
Yield above Treasuries
The 5.4% yield is above the 4.4% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.8% or more; SandRidge Energy yields 5.4%.
Dividend stability
Fewer than five years of dividend history.
Covered by earnings
Dividends take 23.3% of net income.
Covered by free cash flow
Dividends take 48.4% of free cash flow.
Fair value
How we estimate itOur estimate per share
$19.50
The share price is 33% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 8.1× | 5.9× | 10.4× | $21.21 | 40% |
| EV/EBITDA | 4.4× | 3.5× | 5.3× | $16.60 | 35% |
| P/B | 1.2× | 1.1× | 1.3× | $18.66 | 10% |
| Earnings power | 8.0% cost of equity | – | – | $22.29 | 15% |
| Fair value | $19.50 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 5.9
- Crude Petroleum and Natural Gas median 10.4
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $5.25M
- Value traded per 1% price move
- $3.64M
Downside
Low risk
- Typical loss in a bad month
- 13.4%
- Volatility (annualized)
- 35%
- Sharpe ratio, 1 year
- -0.09
- Beta to the S&P 500 (5Y)
- 0.62
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +24.8% | -15.0% | +6.3% | -14.7% | |
| Operating income | +83.4% | -29.7% | – | – | |
| Net income | +11.5% | -33.8% | – | – | |
| EPS, diluted | +12.4% | -33.7% | – | – | |
| Free cash flow | -12.6% | -29.9% | +8.3% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -104.6% | 14.5% | |
| Return on assets | – | -63.9% | 11.5% | |
| Current ratio | 1.20 | 0.74 | 2.17 | |
| Debt to equity | 0.60 | 0.16 | – | |
| Net debt to EBITDA | – | 0.04× | – | |
| Interest coverage | – | -136.9× | – | |
| Capex to revenue | – | 7.2% | 37.5% | |
| Diluted shares | – | 36M | 37M |
Where the cash went
Fiscal 2021 to 2025, five years combined
SandRidge Energy generated $564.61M from operations and spent $343.41M on capital expenditure, dividends and share buybacks. 49% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 44.9% | 0.26× | 1.26× | 14.5% |
| FY2024 | 50.3% | 0.22× | 1.24× | 13.6% |
| FY2023 | 40.9% | 0.25× | 1.23× | 12.7% |
| FY2022 | 95.2% | 0.53× | 1.30× | 66.1% |
| FY2021 | 69.1% | 0.55× | 1.64× | 62.5% |
| FY2020 | -241.2% | 0.26× | 1.64× | -104.6% |
| FY2019 | -168.4% | 0.33× | 1.31× | -71.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$70.20M
- Cash generatingOperating cash flow above zero$100.14M
- Return on assets improvedROA up on the prior year11.0% → 12.1%
- Earnings backed by cashOperating cash flow above net income$100.14M vs $70.20M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.11 → 2.17
- No dilutionShare count did not rise37M → 37M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.22 → 0.27
See a number that looks wrong?