NEW YORK (TheStreet) -- Shares of SandRidge Energy (SD) are slumping, down 2.44% to $1.60 in early market trading Tuesday, after analysts at Wunderlich Securities downgraded the company to "sell" from "hold" this morning.
Analysts at the firm lowered its price target on shares to $1 from $5.
Similarly, Wunderlich also downgraded shares of Key Energy Services (KEG) to a "sell" rating from "hold" and removed its $3 price target.
Oklahoma City-based SandRidge Energy is an independent oil and natural gas company that's engaged in development and production operations with its focus on the Mississippian formation.
Separately, TheStreet Ratings team rates SANDRIDGE ENERGY INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate SANDRIDGE ENERGY INC (SD) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."
Highlights from the analysis by TheStreet Ratings Team goes as follows: