SandRidge Energy (NYSE:SD) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of SandRidge Energy (NYSE:SD) from a buy rating to a hold rating in a report issued on Sunday morning.

SD has been the subject of a number of other research reports. Freedom Capital cut shares of SandRidge Energy from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, March 10th. Weiss Ratings upgraded shares of SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SandRidge Energy presently has a consensus rating of “Hold”.

SandRidge Energy Price Performance

Shares of SD stock opened at $15.27 on Friday. The stock has a market cap of $563.92 million, a P/E ratio of 7.45 and a beta of 0.56. The company has a fifty day moving average price of $15.78 and a two-hundred day moving average price of $15.19. SandRidge Energy has a one year low of $9.52 and a one year high of $18.45.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, May 6th. The oil and natural gas company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.18. The firm had revenue of $49.78 million during the quarter, compared to analysts’ expectations of $45.00 million. SandRidge Energy had a net margin of 46.37% and a return on equity of 12.31%.

SandRidge Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be paid a $0.13 dividend. This is a positive change from SandRidge Energy’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, May 20th. This represents a $0.52 annualized dividend and a yield of 3.4%. SandRidge Energy’s dividend payout ratio is presently 23.41%.

Institutional Trading of SandRidge Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. bought a new position in SandRidge Energy in the 3rd quarter valued at about $450,000. Royce & Associates LP increased its holdings in 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 during the period. Denali Advisors LLC increased its holdings in SandRidge Energy by 21.2% in the 4th quarter. Denali Advisors LLC now owns 405,993 shares of the oil and natural gas company’s stock valued at $5,858,000 after buying an additional 71,093 shares during the period. Icahn Carl C increased its holdings in SandRidge Energy by 1.1% in the 3rd quarter. Icahn Carl C now owns 4,870,233 shares of the oil and natural gas company’s stock valued at $54,936,000 after buying an additional 51,401 shares during the period. Finally, Man Group plc increased its holdings in SandRidge Energy by 5.0% in the 2nd quarter. Man Group plc now owns 156,766 shares of the oil and natural gas company’s stock valued at $1,696,000 after buying an additional 7,483 shares during the period. Institutional investors and hedge funds 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.