SandRidge Energy (NYSE:SD) Upgraded by Wall Street Zen to Buy Rating

by · The Cerbat Gem

Wall Street Zen upgraded shares of SandRidge Energy (NYSE:SD – Free Report) from a hold rating to a buy rating in a report published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SandRidge Energy in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on SandRidge Energy

SandRidge Energy Stock Performance

NYSE SD opened at $15.21 on Friday. The business has a fifty day moving average price of $12.74 and a 200 day moving average price of $11.59. The company has a market cap of $559.44 million, a P/E ratio of 8.55 and a beta of 0.54. SandRidge Energy has a one year low of $8.81 and a one year high of $15.56.

SandRidge Energy (NYSE:SD – Get Free Report) last released its earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. The business had revenue of $39.82 million during the quarter, compared to analyst estimates of $38.80 million. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%.

SandRidge Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.2%. SandRidge Energy’s dividend payout ratio is 26.97%.

Institutional Trading of SandRidge Energy

Several institutional investors have recently made changes to their positions in SD. Signaturefd LLC grew its position in SandRidge Energy by 229.3% in the second quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock worth $33,000 after acquiring an additional 2,128 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of SandRidge Energy by 2,011.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company’s stock valued at $39,000 after purchasing an additional 3,460 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of SandRidge Energy by 92.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock valued at $42,000 after purchasing an additional 1,854 shares during the last quarter. CWM LLC grew its holdings in shares of SandRidge Energy by 2,109.1% during the 2nd quarter. CWM LLC now owns 4,860 shares of the oil and natural gas company’s stock worth $53,000 after purchasing an additional 4,640 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of SandRidge Energy by 344.3% during the 2nd quarter. Parallel Advisors LLC now owns 8,366 shares of the oil and natural gas company’s stock worth $91,000 after purchasing an additional 6,483 shares during the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Company Profile

(Get Free Report)

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.

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