SandRidge Knocks Last Quarter Out of the Park

Before you go, we thought you'd like these...
Before you go close icon

SandRidge put together an extremely convincing second quarter. Despite posting an increase in revenue by 38% and upping its yearly production target by 700,000 boe, the markets initially shied away from the company. However, the most important takeaway is the tremendous progress SandRidge made on meeting its three-year goals. Watch the video below to hear more about SandRidge's developments as well as possible reasons the markets originally doubted this up-and-comer.

E&P companies have faced considerable headwinds with both crude and natural gas prices retreating in the second quarter. However, the energy services sector turned in solid quarters as global drilling and rig demand remained strong. If you are bearish on the global economy yet still need strong energy firms for your portfolio, look no further. Our analysts have uncovered an under-the-radar company that's dominating its industry as well as a leading provider of equipment and components used in drilling and production operations, and poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.

The article SandRidge Knocks Last Quarter Out of the Park originally appeared on Fool.com.

Joel South has no positions in the stocks mentioned above. The Motley Fool owns shares of Devon Energy and SandRidge. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners