Why These Energy Stocks are Gaining This Week

4. SandRidge Energy, Inc. (NYSE:SD)

Share Price Gains Between Nov 7 – Nov 14: 14.43%

SandRidge Energy, Inc. (NYSE:SD) is an independent oil and gas company engaged in the development and acquisition of oil and gas properties.

The strong performance followed SandRidge Energy, Inc.’s (NYSE:SD) better-than-expected results for its third quarter on November 5, posting a roughly 32% YoY growth in revenue and a 54% YoY increase in adjusted EBITDA, primarily due to the increased volumes from its prior Cherokee acquisition and development program this year. Moreover, SandRidge announced a quarterly dividend of $0.12 per share to all shareholders as of the November 14 record date, payable on November 28, 2025.

Grayson Pranin, President and CEO of SandRidge Energy, Inc. (NYSE:SD), stated in the company’s Q3 earnings call:

“As we look forward to developing our high-return Cherokee assets this year and into next, we anticipate growing oilier production volumes further. From a timing perspective, we expect to deliver 2 more wells to sales this year with another 2 completions carrying over into next year. This, combined with further drilling, could see production volumes, specifically oil volumes increasing meaningfully above 2025 exit rate levels. At current commodity prices, our operated Cherokee wells have robust returns and breakevens for our planned wells are down to $35 WTI.”