SandRidge Energy (NYSE:SD) Stock Price Down 5.3% – Should You Sell?

Shares of SandRidge Energy, Inc. (NYSE:SD) fell 5.3% during mid-day trading on Wednesday . The company traded as low as $15.32 and last traded at $15.44. 64,360 shares traded hands during trading, a decline of 83% from the average session volume of 379,783 shares. The stock had previously closed at $16.31.

Analyst Ratings Changes

A number of brokerages recently commented on SD. Weiss Ratings raised SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Freedom Capital downgraded SandRidge Energy from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, March 10th. Finally, Wall Street Zen lowered SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

SandRidge Energy Price Performance

The company has a market cap of $562.36 million, a P/E ratio of 8.04 and a beta of 0.55. The stock has a fifty day moving average price of $16.69 and a two-hundred day moving average price of $14.42.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results 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). SandRidge Energy had a net margin of 44.90% and a return on equity of 11.24%. The company had revenue of $39.40 million during the quarter, compared to analysts’ expectations of $43.70 million.

SandRidge Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were issued a $0.12 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.48 annualized dividend and a dividend yield of 3.1%. SandRidge Energy’s dividend payout ratio is currently 25.26%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SD. Empowered Funds LLC grew its position in SandRidge Energy by 1.8% in the 1st quarter. Empowered Funds LLC now owns 139,197 shares of the oil and natural gas company’s stock worth $1,590,000 after purchasing an additional 2,518 shares in the last quarter. PNC Financial Services Group Inc. lifted its position 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 worth $39,000 after buying an additional 3,460 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of SandRidge Energy by 8.1% in the second quarter. Geode Capital Management LLC now owns 823,191 shares of the oil and natural gas company’s stock valued at $8,909,000 after acquiring an additional 61,586 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of SandRidge Energy by 18.9% in the second quarter. Franklin Resources Inc. now owns 21,355 shares of the oil and natural gas company’s stock valued at $231,000 after acquiring an additional 3,396 shares in the last quarter. Finally, 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. 61.84% of the stock is currently 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.