Why SandRidge Energy (SD) Stock Is Down in After-Hours Trading Today

NEW YORK (TheStreet) -- SandRidge Energy  (SD) fell in after-hours trading Thursday after the oil and natural gas company reported second-quarter revenue that came up short of analysts' expectations.

The company reported adjusted net income of $34.2 million, or 6 cents a share, down from $44.6 million, or 8 cents a share, in the same period one year earlier. Revenue fell year-over-year to $374.7 million from $512.9 million. Analysts expected earnings of 4 cents a share on revenue of $391.9 million.

The stock was down 6.6% to $5.38 at 4:57 p.m.

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Separately, TheStreet Ratings team rates SANDRIDGE ENERGY INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate SANDRIDGE ENERGY INC (SD) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow."

You can view the full analysis from the report here: SD Ratings Report

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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