user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 468394 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Stock Investors Sell Off Shares of SandRidge Energy, Down 1.1%

Published on Thu, 03/28/2013 - 10:26
By Robert Cotter

SandRidge Energy (NYSE:SD) is a company whose shares are active, trading 1.1% lower to $5.31. The Dow Jones Industrial Average is now trading 0.2% higher to 14,561 and the S&P is trading fractionally higher to 1,565.

SandRidge Energy, Inc. explores, develops, and produces natural gas and crude oil in the United States. The areas of operation are West Texas, East Texas, and the Gulf Coast. The Company also has C02 treating and transportation facilities and tertiary oil recovery operations.

SandRidge Energy has overhead space with shares priced $5.31, or 18.5% below the average consensus analyst price target of $6.52. The stock should run into initial resistance at its 50-day moving average (MA) of $6.08 and subsequent resistance at its 200-day MA of $6.43.

In the past 52 weeks, SandRidge Energy share prices have been bracketed by a low of $4.81 and a high of $8.32 and are now at $5.31, 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.2%.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Recent 52-Week Low Surpassed in Shares o...

World Acceptance (NASDAQ:WRLD) traded today at a new 52-week low of $66.83. This new l ...

Watch for Continued Losses in Shares of ...

Shares of Westport Innovations (NASDAQ:WPRT) traded at a new 52-week low today of $7.40 ...

Shares of Wausau Paper Fall to a New 52-...

Shares of Wausau Paper (NYSE:WPP) traded today at $7.82, breaking its 52-week low. So ...

Encore Wire: The Losing Streak Continues...

Encore Wire (NASDAQ:WIRE) traded today at a new 52-week low of $36.27. This new low wa ...

Walter Investment Management Looks to Co...

Walter Investment Management (AMEX:WAC) traded at a new 52-week low today of $21.30. S ...

Watch for Continued Losses in Shares of ...

Volcano (NASDAQ:VOLC) traded today at a new 52-week low of $10.36. So far today approx ...

Shares of Meridian Bioscience Fall Below...

Meridian Bioscience (NASDAQ:VIVO) traded today at a new 52-week low of $17.46. This ne ...

Shares of Ur-Energy Fall Below Previous ...

Ur-Energy (AMEX:URG) traded today at a new 52-week low of $0.98. Approximately 1 milli ...