Trade-Ideas LLC identified

SandRidge Energy



) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified SandRidge Energy as such a stock due to the following factors:

  • SD has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.6 million.
  • SD has traded 2.7 million shares today.
  • SD is trading at 3.97 times the normal volume for the stock at this time of day.
  • SD is trading at a new high 16.39% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on SD:

TheStreet Recommends

SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. Currently there are no analysts that rate SandRidge Energy a buy, 3 analysts rate it a sell, and 8 rate it a hold.

The average volume for SandRidge Energy has been 16.9 million shares per day over the past 30 days. SandRidge Energy has a market cap of $219.1 million and is part of the basic materials sector and energy industry. The stock has a beta of 2.92 and a short float of 14.9% with 4.51 days to cover. Shares are down 77.9% year-to-date as of the close of trading on Wednesday.

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TheStreet Quant Ratings

rates SandRidge Energy as a


. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Highlights from the ratings report include:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 4060.3% when compared to the same quarter one year ago, falling from -$32.89 million to -$1,368.48 million.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 90.96%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 2680.00% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • SANDRIDGE ENERGY INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, SANDRIDGE ENERGY INC turned its bottom line around by earning $0.34 versus -$1.28 in the prior year. For the next year, the market is expecting a contraction of 182.3% in earnings (-$0.28 versus $0.34).
  • SD, with its decline in revenue, slightly underperformed the industry average of 33.1%. Since the same quarter one year prior, revenues fell by 38.7%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Net operating cash flow has significantly increased by 63.10% to $228.90 million when compared to the same quarter last year. In addition, SANDRIDGE ENERGY INC has also vastly surpassed the industry average cash flow growth rate of -19.63%.

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