NEW YORK (
-- SandRidge Energy
) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet.
SandRidge Energy, Inc., together with its subsidiaries, operates as an independent natural gas and oil company in the United States. The company engages in the exploration, development, and production of oil and gas properties. SandRidge Energy has a market cap of $3.7 billion and is part of the
industry. Shares are up 25.4% year to date as of the close of trading on Thursday.
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