SandRidge Energy (NYSE:SD) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

SandRidge Energy, Inc. (NYSE:SD)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.44 and traded as high as $15.67. SandRidge Energy shares last traded at $15.6350, with a volume of 247,941 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SD. Wall Street Zen raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Monday, May 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of SandRidge Energy in a research note on Wednesday. Finally, Freedom Capital upgraded SandRidge Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

SandRidge Energy Stock Down 5.5%

The company’s fifty day simple moving average is $15.27 and its 200 day simple moving average is $15.43. The firm has a market capitalization of $545.75 million, a PE ratio of 7.21 and a beta of 0.54.

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

SandRidge Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were given a dividend of $0.13 per share. This is an increase from SandRidge Energy’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.52 dividend on an annualized basis and a yield of 3.5%. SandRidge Energy’s dividend payout ratio is 25.37%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its position in SandRidge Energy by 92.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock valued at $42,000 after acquiring an additional 1,854 shares during the period. Strs Ohio purchased a new position in SandRidge Energy during the 1st quarter valued at about $57,000. State of Wyoming purchased a new position in SandRidge Energy during the 1st quarter valued at about $71,000. State of Alaska Department of Revenue lifted its position in SandRidge Energy by 391.0% during the 4th quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company’s stock valued at $94,000 after acquiring an additional 5,259 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of SandRidge Energy by 11.1% in the 3rd quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock worth $113,000 after purchasing an additional 1,000 shares during the last quarter. 61.84% of the stock is 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.