SandRidge Energy, Inc. (NYSE:SD) Sees Significant Growth in Short Interest

SandRidge Energy, Inc. (NYSE:SD) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 1,905,891 shares, an increase of 22.4% from the January 29th total of 1,556,957 shares. Based on an average daily trading volume, of 332,364 shares, the days-to-cover ratio is currently 5.7 days. Currently, 5.3% of the shares of the stock are short sold. Currently, 5.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 332,364 shares, the days-to-cover ratio is currently 5.7 days.

Analyst Ratings Changes

A number of brokerages recently weighed in on SD. Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday, December 29th. Wall Street Zen upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

SandRidge Energy Price Performance

NYSE SD traded down $0.79 during trading hours on Thursday, reaching $17.29. The company’s stock had a trading volume of 321,565 shares, compared to its average volume of 318,995. The firm has a market capitalization of $635.75 million, a price-to-earnings ratio of 9.71 and a beta of 0.55. The company’s 50-day moving average is $15.73 and its two-hundred day moving average is $13.69. SandRidge Energy has a 1-year low of $8.81 and a 1-year high of $18.45.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, March 4th. The oil and natural gas company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The business had revenue of $39.40 million during the quarter, compared to analysts’ expectations of $43.70 million. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%.

SandRidge Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 20th. This represents a $0.48 dividend on an annualized basis and a yield of 2.8%. SandRidge Energy’s dividend payout ratio is currently 26.97%.

Institutional Trading of SandRidge Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in SandRidge Energy by 2,011.6% in 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 buying an additional 3,460 shares in the last quarter. Tower Research Capital LLC TRC lifted its position 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 valued at $42,000 after acquiring an additional 1,854 shares in the last quarter. CWM LLC boosted its stake in shares of SandRidge Energy by 2,109.1% in 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 during the last quarter. State of Alaska Department of Revenue increased its position in shares of SandRidge Energy by 391.0% during the fourth quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company’s stock worth $94,000 after purchasing an additional 5,259 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in SandRidge Energy by 11.1% in the 3rd quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock valued at $113,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other 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.