SandRidge Energy (SD -1.2%) is downgraded to Neutral with a reduced $5 target price (from $9) at...

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

SandRidge Energy (SD -1.2%) is downgraded to Neutral with a reduced $5 target price (from $9) at Global Hunter following its Q3 operations update. Most irksome to the firm is the Mississippian Lime: "What once was thought to be at least a 45% oil resource... now looks more like 40% oil... it appears to be more like marginalizing an even larger asset."