ValuEngine Lowers SandRidge Mississippian Trust II (SDR) to Strong Sell

ValuEngine downgraded shares of SandRidge Mississippian Trust II (NYSE:SDR) from a sell rating to a strong sell rating in a research report released on Thursday.

SandRidge Mississippian Trust II stock traded up $0.07 during midday trading on Thursday, hitting $1.24. 289,952 shares of the stock were exchanged, compared to its average volume of 146,834. SandRidge Mississippian Trust II has a fifty-two week low of $0.74 and a fifty-two week high of $2.00. The stock has a market cap of $61.66 million, a P/E ratio of 5.17 and a beta of 1.02.

SandRidge Mississippian Trust II (NYSE:SDR) last released its quarterly earnings data on Thursday, August 9th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter. SandRidge Mississippian Trust II had a net margin of 71.89% and a return on equity of 23.12%. The firm had revenue of $3.85 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be given a dividend of $0.049 per share. This is a boost from SandRidge Mississippian Trust II’s previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a yield of 15.81%. The ex-dividend date of this dividend is Thursday, November 8th.

SandRidge Mississippian Trust II Company Profile

SandRidge Mississippian Trust II holds royalty interests in oil and natural gas properties. The company's properties are located in the Mississippian formation in Alfalfa, Grant, Kay, Noble, and Woods counties in northern Oklahoma and Barber, Comanche, Harper, and Sumner counties in southern Kansas.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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