SandRidge Mississippian Trust II (NYSE:SDR) Stock Price Down 23.3%

SandRidge Mississippian Trust II (NYSE:SDR) shares dropped 23.3% during trading on Monday . The company traded as low as $0.29 and last traded at $0.23, approximately 18,344 shares changed hands during trading. A decline of 85% from the average daily volume of 124,753 shares. The stock had previously closed at $0.30.

Separately, ValuEngine upgraded SandRidge Mississippian Trust II from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd.

The stock has a market cap of $22.38 million, a price-to-earnings ratio of 2.50 and a beta of 1.21. The company has a 50-day moving average of $0.49 and a 200-day moving average of $0.67.

SandRidge Mississippian Trust II (NYSE:SDR) last issued its quarterly earnings results on Tuesday, August 13th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $2.80 million for the quarter. SandRidge Mississippian Trust II had a return on equity of 21.99% and a net margin of 66.85%.

SandRidge Mississippian Trust II Company Profile (NYSE:SDR)

SandRidge Mississippian Trust II holds royalty interests in oil and natural gas properties. The company's properties are located in the Mississippian formation in Alfalfa, Grant, Kay, Noble, and Woods counties in northern Oklahoma and Barber; and Comanche, Harper, and Sumner counties in southern Kansas.

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