SandRidge Energy (SD -5%) is retained as a Buy but with a reduced $8.50 target price at Stifel...


SandRidge Energy (SD -5%) is retained as a Buy but with a reduced $8.50 target price at Stifel Nicolaus after disappointing 2013 guidance released yesterday along with better than expected Q3 earnings. The guidance is a negative because oil volumes essentially remain flat while gas volumes rise 27% Y/Y, which the firm believes will hinder cash flow.

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