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

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

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, SandRidge Energy has a consensus rating of “Hold”.

SandRidge Energy Price Performance

NYSE:SD opened at $14.44 on Friday. The firm has a market capitalization of $531.02 million, a P/E ratio of 7.08 and a beta of 0.91. The business has a 50 day simple moving average of $11.99 and a 200 day simple moving average of $11.19. SandRidge Energy has a 12-month low of $8.81 and a 12-month high of $14.62.

SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.10. SandRidge Energy had a return on equity of 10.05% and a net margin of 51.77%.The firm had revenue of $39.82 million for the quarter, compared to analyst estimates of $38.80 million.

SandRidge Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.48 annualized dividend and a yield of 3.3%. SandRidge Energy’s dividend payout ratio (DPR) is presently 26.97%.

Institutional Trading of SandRidge Energy

A number of institutional investors have recently made changes to their positions in SD. Royce & Associates LP raised its holdings in SandRidge Energy by 8.6% during the first quarter. Royce & Associates LP now owns 1,188,526 shares of the oil and natural gas company’s stock worth $13,573,000 after purchasing an additional 93,740 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. raised its stake in shares of SandRidge Energy by 2.8% in the 1st quarter. Klein Pavlis & Peasley Financial Inc. now owns 99,790 shares of the oil and natural gas company’s stock worth $1,143,000 after buying an additional 2,678 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in SandRidge Energy by 0.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 259,948 shares of the oil and natural gas company’s stock valued at $2,969,000 after buying an additional 1,143 shares in the last quarter. Deutsche Bank AG grew its holdings in SandRidge Energy by 29.7% during the first quarter. Deutsche Bank AG now owns 18,259 shares of the oil and natural gas company’s stock worth $209,000 after acquiring an additional 4,179 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in SandRidge Energy during the first quarter worth about $154,000. 61.84% of the stock is owned by institutional investors and hedge funds.

About SandRidge Energy

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.