UPDATE 1-SandRidge posts Q3 loss, shares fall
* Q3 loss $0.58/shr vs EPS $1.40 year ago
* Says hurt by depressed commodity prices
* Natural gas and crude oil revenue fall 60 pct
* Sees 4 pct rise in 2009 net production
* Shares fall 8 pct after-market
Nov 5 (Reuters) - Oil and gas exploration and production company SandRidge Energy Inc (SD.N) reported a third-quarter loss, weighed down by depressed commodity prices, sending its shares down 8 percent in post-market trade.
The company, however, sees a 4 percent rise in its net production in 2009. It forecast initial 2010 net production of 120 billion of cubic feet equivalent (bcfe).
For the quarter, net loss available to stockholders was $104.1 million, or 58 cents a share, compared with net income available to stockholders of $230.3 million, or $1.40 a share, a year ago.
Adjusted earnings per share was 16 cents.
Natural gas and crude oil revenue fell 60 percent to $104.3 million.
Analysts on average expected the company to earn 16 cents per share, before items, on revenue of $222.2 million, according to Thomson Reuters I/B/E/S.
Shares of the company were down 8 percent at $9.75 in after-market trade. It closed at $10.62 Thursday on the New York Stock Exchange.
For the alerts, double click [ID:nWNAB1478] (Reporting by Krishna N. Das in Bangalore; Editing by Anne Pallivathuckal)
