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

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

Separately, Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, SandRidge Energy currently has a consensus rating of “Hold”.

SandRidge Energy Stock Down 0.4%

Shares of SD stock opened at $14.32 on Friday. The business’s fifty day moving average is $13.58 and its 200 day moving average is $12.04. The stock has a market cap of $526.55 million, a price-to-earnings ratio of 8.04 and a beta of 0.54. SandRidge Energy has a twelve month low of $8.81 and a twelve month high of $15.56.

SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The business had revenue of $39.82 million during the quarter, compared to the consensus estimate of $38.80 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 announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.4%. SandRidge Energy’s payout ratio is currently 26.97%.

Institutional Trading of SandRidge Energy

Large investors have recently modified their holdings of the company. Signaturefd LLC lifted its stake in shares of SandRidge Energy by 229.3% in the 2nd quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock worth $33,000 after purchasing an additional 2,128 shares during the period. PNC Financial Services Group Inc. increased its holdings in SandRidge Energy by 2,011.6% during the second 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 during the last quarter. Tower Research Capital LLC TRC raised its position in 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 worth $42,000 after acquiring an additional 1,854 shares during the period. CWM LLC boosted its stake in shares of SandRidge Energy by 2,109.1% during the 2nd 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. Finally, Parallel Advisors LLC boosted its stake in shares of SandRidge Energy by 344.3% during the 2nd quarter. Parallel Advisors LLC now owns 8,366 shares of the oil and natural gas company’s stock worth $91,000 after acquiring an additional 6,483 shares during the last quarter. Institutional investors own 61.84% of the company’s stock.

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.