SandRidge Energy, Inc. (NYSE:SD) Shareholders to Get $0.13 Quarterly Dividend

SandRidge Energy, Inc. (NYSE:SD) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Thursday, November 19th will be paid a dividend of $0.13 per share by the oil and natural gas company on Monday, November 30th. This represents a $0.52 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, November 19th.

SandRidge Energy has a dividend payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Analysts expect SandRidge Energy to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 34.7%.

SandRidge Energy Stock Performance

Shares of NYSE:SD opened at $12.61 on Thursday. SandRidge Energy has a 52-week low of $11.96 and a 52-week high of $18.45. The business’s 50 day simple moving average is $14.12 and its two-hundred day simple moving average is $14.92. The firm has a market cap of $467.43 million, a P/E ratio of 5.63 and a beta of 0.74.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Wednesday, November 4th. The oil and natural gas company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.51 by $0.13. SandRidge Energy had a return on equity of 13.62% and a net margin of 46.06%. The firm had revenue of $54.42 million during the quarter, compared to the consensus estimate of $49.00 million. On average, equities analysts forecast that SandRidge Energy will post 2.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of SandRidge Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen downgraded shares of SandRidge Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Zacks Research raised shares of SandRidge Energy to a “hold” rating in a research report on Monday, October 5th. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

SandRidge Energy Company Profile

SandRidge Energy, Inc is an independent oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on acquiring, developing and operating oil and gas properties in the Mid-Continent region of the United States.

SandRidge’s operations have historically centered on the Mississippian Lime formation, which extends across northern Oklahoma and southern Kansas. Its production portfolio includes crude oil, natural gas and natural gas liquids, supported by operated drilling, production and field-development activities.

Founded in 2006 by Tom Ward, SandRidge Energy became a publicly traded company and later completed a financial restructuring under Chapter 11 bankruptcy protection in 2016.