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

|About: SandRidge Energy, Inc. (SD)|By:, SA News Editor

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.