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SD (SandRidge Energy) Piotroski F-Score : 5 (As of Oct. 31, 2024)


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What is SandRidge Energy Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

SandRidge Energy has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for SandRidge Energy's Piotroski F-Score or its related term are showing as below:

SD' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of SandRidge Energy was 9. The lowest was 2. And the median was 5.


SandRidge Energy Piotroski F-Score Historical Data

The historical data trend for SandRidge Energy's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SandRidge Energy Piotroski F-Score Chart

SandRidge Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 5.00 7.00 8.00 6.00

SandRidge Energy Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 4.00 6.00 4.00 5.00

Competitive Comparison of SandRidge Energy's Piotroski F-Score

For the Oil & Gas E&P subindustry, SandRidge Energy's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SandRidge Energy's Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SandRidge Energy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SandRidge Energy's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was 18.67 + 1.792 + 11.125 + 8.794 = $40.4 Mil.
Cash Flow from Operations was 25.507 + 26.219 + 15.681 + 11.412 = $78.8 Mil.
Revenue was 38.149 + 33.926 + 30.283 + 25.977 = $128.3 Mil.
Gross Profit was 18.814 + 15.772 + 11.741 + 9.384 = $55.7 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(562.061 + 577.101 + 574.166 + 527.357 + 529.571) / 5 = $554.0512 Mil.
Total Assets at the begining of this year (Jun23) was $562.1 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Total Current Assets was $237.2 Mil.
Total Current Liabilities was $46.2 Mil.
Net Income was 53.725 + 105.227 + 23.758 + 16.637 = $199.3 Mil.

Revenue was 70.899 + 56.112 + 43.147 + 33.419 = $203.6 Mil.
Gross Profit was 51.765 + 37.844 + 22.63 + 16.518 = $128.8 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(448.808 + 500.437 + 600.497 + 628.177 + 562.061) / 5 = $547.996 Mil.
Total Assets at the begining of last year (Jun22) was $448.8 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Total Current Assets was $254.5 Mil.
Total Current Liabilities was $55.8 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

SandRidge Energy's current Net Income (TTM) was 40.4. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

SandRidge Energy's current Cash Flow from Operations (TTM) was 78.8. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun23)
=40.381/562.061
=0.07184452

ROA (Last Year)=Net Income/Total Assets (Jun22)
=199.347/448.808
=0.44416989

SandRidge Energy's return on assets of this year was 0.07184452. SandRidge Energy's return on assets of last year was 0.44416989. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

SandRidge Energy's current Net Income (TTM) was 40.4. SandRidge Energy's current Cash Flow from Operations (TTM) was 78.8. ==> 78.8 > 40.4 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0/554.0512
=0

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=0/547.996
=0

SandRidge Energy's gearing of this year was 0. SandRidge Energy's gearing of last year was 0. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun24)=Total Current Assets/Total Current Liabilities
=237.162/46.157
=5.13815889

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=254.494/55.844
=4.55723086

SandRidge Energy's current ratio of this year was 5.13815889. SandRidge Energy's current ratio of last year was 4.55723086. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

SandRidge Energy's number of shares in issue this year was 37.158. SandRidge Energy's number of shares in issue last year was 37.097. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=55.711/128.335
=0.43410605

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=128.757/203.577
=0.63247322

SandRidge Energy's gross margin of this year was 0.43410605. SandRidge Energy's gross margin of last year was 0.63247322. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun23)
=128.335/562.061
=0.22832931

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=203.577/448.808
=0.45359486

SandRidge Energy's asset turnover of this year was 0.22832931. SandRidge Energy's asset turnover of last year was 0.45359486. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+0+0+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

SandRidge Energy has an F-score of 5 indicating the company's financial situation is typical for a stable company.

SandRidge Energy  (NYSE:SD) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


SandRidge Energy Piotroski F-Score Related Terms

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SandRidge Energy Business Description

Traded in Other Exchanges
Address
1 East Sheridan Avenue, Suite 500, Oklahoma City, OK, USA, 73104
SandRidge Energy Inc is a United States-based oil and natural gas company. It is engaged in the exploration, development, and production of crude oil, natural gas, and Natural gas liquids. Business activities of the group include Exploration and Production, Drilling and Oil Field Services, and Midstream Gas Services.
Executives
Brown Brandon Louis Sr. officer: SVP, Chief Financial Officer C/O SANDRIDGE ENERGY, INC., 1 EAST SHERIDAN, SUITE 500, OKLAHOMA CITY OK 73104
Grayson R Pranin officer: SVP, Chief Operating Officer 1 EAST SHERIDAN AVENUE, SUITE 500, OKLAHOMA CITY OK 73104
Nancy Martori Dunlap director C/O CVR REFINING, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Jaffrey Adam Firestone director C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Salah Gamoudi officer: CFO/CAO C/O SANDRIDGE ENERGY, INC., 123 ROBERT S. KERR AVENUE, OKLAHOMA CITY OK 73102
Patricia A. Agnello director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Carl Fredrick Giesler officer: President and CEO 10000 ENERGY DRIVE, P. O. BOX 12359, SPRING TX 77391-2359
Randolph C Read director C/O NEW YORK REIT, INC., 405 PARK AVENUE, NEW YORK NY 10022
Paul D. Mckinney officer: President & CEO 1177 WEST LOOP SOUTH, SUITE 1825, HOUSTON TX 77027
Jonathan Christodoro director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
John J Lipinski director C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Bob G Alexander director 6017 MORNING DOVE LANE, EDMOND OK 73025
Jonathan Frates director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Kenneth H Beer director 625 E. KALISTE SALOOM RD., LAFAYETTE LA 70508
Sylvia K. Barnes director 4853 POST OAK TIMBER DRIVE, HOUSTON TX 77056