Raymond James Starts Stock Coverage on SandRidge Mississippian Trust II (SDR)

By admin | 6 years ago

Analysts at Raymond James (NYSE: RJF) started coverage on shares of SandRidge Mississippian Trust II (NYSE: SDR) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating and a $22.50 price target on the stock.

Separately, analysts at Bank of America (NYSE: BAC) initiated coverage on shares of SandRidge Mississippian Trust II in a research note to investors on Tuesday. They set a “neutral” rating and a $22.00 price target on the stock.

Shares of SandRidge Mississippian Trust II traded down 1.75% during mid-day trading on Tuesday, hitting $20.229. SandRidge Mississippian Trust II has a 52 week low of $18.88 and a 52 week high of $23.91. The company has a market cap of $1.006 billion and a P/E ratio of 27.42.

SandRidge Mississippian Trust II is a statutory trust formed to own overriding royalty interests to be conveyed to the trust by SandRidge Energy, Inc.

About the author