SandRidge Energy, Inc. (NYSE:SD) Short Interest Update

SandRidge Energy, Inc. (NYSE:SD) saw a large drop in short interest in the month of 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. Currently, 4.9% of the company’s shares are short sold. Based on an average daily trading volume, of 307,944 shares, the days-to-cover ratio is currently 5.8 days. Based on an average daily trading volume, of 307,944 shares, the days-to-cover ratio is currently 5.8 days. Currently, 4.9% of the company’s shares are short sold.

SandRidge Energy Price Performance

Shares of NYSE SD traded up $0.25 during mid-day trading on Tuesday, reaching $16.00. 56,654 shares of the company’s stock traded hands, compared to its average volume of 303,404. The business has a 50-day simple moving average of $14.61 and a 200 day simple moving average of $12.70. The stock has a market cap of $588.38 million, a P/E ratio of 8.99 and a beta of 0.52. SandRidge Energy has a 1-year low of $8.81 and a 1-year high of $16.28.

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

Analyst Ratings Changes

A number of research firms recently issued reports on SD. Wall Street Zen upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On SandRidge Energy

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted 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 worth $33,000 after buying an additional 2,128 shares in the last quarter. American Century Companies Inc. increased its position in shares of SandRidge Energy by 7.0% during the second quarter. American Century Companies Inc. now owns 1,107,341 shares of the oil and natural gas company’s stock valued at $11,981,000 after acquiring an additional 72,537 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SandRidge Energy by 138.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,134 shares of the oil and natural gas company’s stock valued at $348,000 after acquiring an additional 18,631 shares during the last quarter. Azarias Capital Management L.P. lifted its holdings in SandRidge Energy by 39.2% during the third quarter. Azarias Capital Management L.P. now owns 481,704 shares of the oil and natural gas company’s stock worth $5,434,000 after acquiring an additional 135,634 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in SandRidge Energy in the second quarter worth $140,000. 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.