SandRidge Energy, Inc. (NYSE:SD) Short Interest Up 29.6% in March

SandRidge Energy, Inc. (NYSE:SD) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 901,300 shares, a growth of 29.6% from the February 28th total of 695,300 shares. Based on an average daily volume of 306,700 shares, the short-interest ratio is currently 2.9 days. Currently, 2.8% of the shares of the company are sold short.

SandRidge Energy Price Performance

SandRidge Energy stock traded down $0.05 during midday trading on Wednesday, reaching $11.40. 205,265 shares of the company traded hands, compared to its average volume of 292,378. SandRidge Energy has a 12 month low of $10.31 and a 12 month high of $15.31. The business has a 50 day moving average of $11.76 and a two-hundred day moving average of $11.73. The firm has a market capitalization of $423.45 million, a price-to-earnings ratio of 8.91 and a beta of 2.03.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.14). The firm had revenue of $38.97 million during the quarter, compared to analysts’ expectations of $50.27 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.86%. SandRidge Energy’s dividend payout ratio is currently 25.88%.

Hedge Funds Weigh In On SandRidge Energy

Several institutional investors have recently made changes to their positions in SD. Charles Schwab Investment Management Inc. increased its holdings in SandRidge Energy by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 263,004 shares of the oil and natural gas company’s stock valued at $3,217,000 after buying an additional 9,471 shares during the last quarter. Algert Global LLC increased its stake in shares of SandRidge Energy by 70.5% in the 3rd quarter. Algert Global LLC now owns 39,490 shares of the oil and natural gas company’s stock worth $483,000 after purchasing an additional 16,329 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in SandRidge Energy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company’s stock worth $287,000 after purchasing an additional 5,967 shares during the period. Lavaca Capital LLC purchased a new position in SandRidge Energy during the third quarter valued at $306,000. Finally, Quantinno Capital Management LP bought a new stake in SandRidge Energy during the third quarter valued at about $186,000. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Company Profile

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.