SandRidge Energy (NYSE:SD) Hits New 12-Month High – What’s Next?

SandRidge Energy, Inc. (NYSE:SD)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $18.45 and last traded at $17.9650, with a volume of 56243 shares traded. The stock had previously closed at $17.53.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SD shares. Wall Street Zen raised SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

SandRidge Energy Price Performance

The company has a market cap of $651.56 million, a price-to-earnings ratio of 9.96 and a beta of 0.55. The firm has a fifty day simple moving average of $15.53 and a 200 day simple moving average of $13.56.

Institutional Trading of SandRidge Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning increased its position in shares of SandRidge Energy by 347.7% during the second quarter. Creative Planning now owns 238,639 shares of the oil and natural gas company’s stock valued at $2,582,000 after purchasing an additional 185,334 shares during the period. Azarias Capital Management L.P. boosted its stake in SandRidge Energy by 39.2% in the 3rd quarter. Azarias Capital Management L.P. now owns 481,704 shares of the oil and natural gas company’s stock valued at $5,434,000 after buying an additional 135,634 shares in the last quarter. Lazard Asset Management LLC grew its position in SandRidge Energy by 6,285.2% in the third quarter. Lazard Asset Management LLC now owns 130,130 shares of the oil and natural gas company’s stock valued at $1,468,000 after acquiring an additional 128,092 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in SandRidge Energy by 69.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 268,517 shares of the oil and natural gas company’s stock worth $2,905,000 after acquiring an additional 110,322 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of SandRidge Energy by 126.9% during the fourth quarter. LSV Asset Management now owns 182,868 shares of the oil and natural gas company’s stock valued at $2,639,000 after acquiring an additional 102,268 shares during the period. 61.84% of the stock is currently owned by institutional investors and hedge funds.

About SandRidge Energy

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.