SandRidge Energy (NYSE:SD) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of SandRidge Energy (NYSE:SD) from a buy rating to a hold rating in a research report sent to investors on Monday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

SandRidge Energy Stock Performance

Shares of SD opened at $14.71 on Monday. SandRidge Energy has a one year low of $8.81 and a one year high of $15.56. The stock’s fifty day moving average is $14.23 and its 200-day moving average is $12.28. The firm has a market capitalization of $540.89 million, a price-to-earnings ratio of 8.26 and a beta of 0.52.

SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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.

SandRidge Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued 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 3.3%. SandRidge Energy’s dividend payout ratio is currently 26.97%.

Institutional Investors Weigh In On SandRidge Energy

Several large investors have recently modified their holdings of SD. Signaturefd LLC increased its stake in SandRidge Energy by 229.3% in the 2nd quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock valued at $33,000 after buying an additional 2,128 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of SandRidge Energy by 2,011.6% during 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 acquiring an additional 3,460 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of SandRidge Energy by 92.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after acquiring an additional 1,854 shares during the last quarter. CWM LLC raised its holdings in shares of 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 acquiring an additional 4,640 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in SandRidge Energy by 344.3% during the second quarter. Parallel Advisors LLC now owns 8,366 shares of the oil and natural gas company’s stock valued at $91,000 after purchasing an additional 6,483 shares during the last quarter. 61.84% of the stock is owned by 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.