SandRidge Energy, Inc. (NYSE:SD) Short Interest Update
by Teresa Graham · The Cerbat GemSandRidge Energy, Inc. (NYSE:SD – Get Free Report) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 1,776,672 shares, a drop of 13.8% from the December 31st total of 2,059,934 shares. Based on an average daily volume of 307,944 shares, the days-to-cover ratio is currently 5.8 days. Approximately 4.9% of the company’s shares are sold short. Approximately 4.9% of the company’s shares are sold short. Based on an average daily volume of 307,944 shares, the days-to-cover ratio is currently 5.8 days.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on SD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, December 29th. Wall Street Zen upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Read Our Latest Stock Report on SandRidge Energy
SandRidge Energy Trading Up 1.6%
SD stock traded up $0.25 during trading on Tuesday, hitting $16.00. The company had a trading volume of 56,654 shares, compared to its average volume of 303,404. The stock has a market cap of $588.38 million, a PE ratio of 8.99 and a beta of 0.52. The business has a 50-day moving average of $14.61 and a 200-day moving average of $12.70. SandRidge Energy has a one year low of $8.81 and a one year high of $16.28.
SandRidge Energy (NYSE:SD – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.10. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%. The firm had revenue of $39.82 million during the quarter, compared to analyst estimates of $38.80 million.
Institutional Trading of SandRidge Energy
A number of institutional investors have recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in SandRidge Energy by 1.8% during the 1st quarter. Empowered Funds LLC now owns 139,197 shares of the oil and natural gas company’s stock worth $1,590,000 after acquiring an additional 2,518 shares during the period. Signaturefd LLC boosted its position in shares of SandRidge Energy by 229.3% during the 2nd quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock valued at $33,000 after purchasing an additional 2,128 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in SandRidge Energy during the second quarter worth approximately $140,000. CWM LLC grew its stake in SandRidge Energy by 2,109.1% during the second 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, Privium Fund Management B.V. increased its holdings in SandRidge Energy by 58.9% in the second quarter. Privium Fund Management B.V. now owns 37,022 shares of the oil and natural gas company’s stock worth $401,000 after purchasing an additional 13,722 shares in the last quarter. Institutional investors own 61.84% of the company’s stock.
SandRidge Energy Company Profile
SandRidge Energy, Inc (NYSE: SD) is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge’s asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.
Founded in 2006 by industry veteran Tom L.