Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Sandridge Mississippian Trust II’s Shares Dropped

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of SandRidge Mississippian Trust II (NYSE: SDR  ) fell 13% today, after the company declared distributions.

So what: The company will pay $0.533 per unit by March 1 to shareholders of record on Feb. 14. This is down from $0.599 last quarter. Raymond James analyst Kevin Smith expected a distribution of $0.71, so he lowered the company's rating from outperform to underperform.  

Now what: Investors own these trusts for the distributions, so when the company lowers them, the stock often falls. The other downside is that operationally, sales volumes fell 7% in the quarter, so operations aren't headed in the right direction. I don't think there are any catalysts short-term for the stock, and I'd wait to see an improvement in operations before jumping in.

Interested in more info on SandRidge Mississippian? Add it to your watchlist by clicking here

Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2231769, ~/Articles/ArticleHandler.aspx, 9/28/2016 4:51:39 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 12.84 0.24%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes