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 Energy (NYSE:SD) fell as much as 11% today after the company released fourth-quarter earnings.

So what: Revenue jumped from $373.8 million a year ago, to $1.3 billion, as oil and gas prices and sales jumped, but that didn't help the bottom line. The company reported a loss of $302 million, or $0.63 per share, although they'd like you to look at a $0.06 adjusted profit.  

Now what: It was widely considered a terrible quarter, and analysts at Stifel downgraded the stock from buy to hold. I just don't see how such a massive loss is good, even if the adjusted numbers were ahead of estimates. I'd be a seller today, and wouldn't buy in until we see some real bottom-line profits.

A deep dive into SandRidge

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