SandRidge Energy (NYSE:SD) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of SandRidge Energy (NYSE:SD) from a buy rating to a hold rating in a report published on Saturday.

A number of other brokerages also recently issued reports on SD. Weiss Ratings downgraded SandRidge Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Freedom Capital upgraded SandRidge Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

SandRidge Energy Stock Down 2.1%

NYSE SD opened at $13.62 on Friday. The company has a market capitalization of $503.04 million, a price-to-earnings ratio of 6.65 and a beta of 0.55. SandRidge Energy has a twelve month low of $9.89 and a twelve month high of $18.45. The stock has a fifty day simple moving average of $14.04 and a 200 day simple moving average of $15.30.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Denali Advisors LLC boosted its position in shares of SandRidge Energy by 21.2% during the 4th quarter. Denali Advisors LLC now owns 405,993 shares of the oil and natural gas company’s stock worth $5,858,000 after purchasing an additional 71,093 shares in the last quarter. LSV Asset Management grew its stake in shares of SandRidge Energy by 126.9% in the 4th quarter. LSV Asset Management now owns 182,868 shares of the oil and natural gas company’s stock valued at $2,639,000 after buying an additional 102,268 shares during the period. UBS Group AG increased its position in SandRidge Energy by 92.3% in the 4th quarter. UBS Group AG now owns 148,696 shares of the oil and natural gas company’s stock valued at $2,146,000 after buying an additional 71,357 shares in the last quarter. First Trust Advisors LP increased its position in SandRidge Energy by 27.5% in the 1st quarter. First Trust Advisors LP now owns 419,445 shares of the oil and natural gas company’s stock valued at $6,841,000 after buying an additional 90,524 shares in the last quarter. Finally, First Wilshire Securities Management Inc. raised its stake in SandRidge Energy by 5.2% during the 4th quarter. First Wilshire Securities Management Inc. now owns 1,400,977 shares of the oil and natural gas company’s stock worth $20,216,000 after buying an additional 69,093 shares during the period. 61.84% of the stock is owned by institutional investors.

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.