SandRidge Energy (NYSE:SD) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

SandRidge Energy, Inc. (NYSE:SD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.01 and traded as high as $14.40. SandRidge Energy shares last traded at $14.38, with a volume of 90,951 shares changing hands.

Analyst Upgrades and Downgrades

SD has been the subject of several recent analyst reports. Wall Street Zen raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a report on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

SandRidge Energy Stock Performance

The stock has a fifty day moving average of $13.52 and a 200-day moving average of $12.01. The company has a market cap of $528.75 million, a PE ratio of 8.08 and a beta of 0.54.

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

SandRidge Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, November 14th. SandRidge Energy’s payout ratio is 26.97%.

Hedge Funds Weigh In On SandRidge Energy

A number of institutional investors have recently modified their holdings of SD. Icahn Carl C lifted its stake in shares of SandRidge Energy by 1.1% during the 3rd quarter. Icahn Carl C now owns 4,870,233 shares of the oil and natural gas company’s stock worth $54,936,000 after purchasing an additional 51,401 shares during the last quarter. Vanguard Group Inc. raised its holdings in SandRidge Energy by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,262,914 shares of the oil and natural gas company’s stock worth $25,526,000 after purchasing an additional 10,142 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of SandRidge Energy by 2.6% in the 3rd quarter. Royce & Associates LP now owns 1,275,040 shares of the oil and natural gas company’s stock valued at $14,382,000 after buying an additional 31,789 shares in the last quarter. First Wilshire Securities Management Inc. grew its position in shares of SandRidge Energy by 7.3% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 1,238,581 shares of the oil and natural gas company’s stock worth $13,401,000 after buying an additional 83,959 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of SandRidge Energy by 7.0% in the 2nd quarter. American Century Companies Inc. now owns 1,107,341 shares of the oil and natural gas company’s stock worth $11,981,000 after buying an additional 72,537 shares during the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

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.