SandRidge Energy (NYSE:SD) Hits New 1-Year High – Should You Buy?

SandRidge Energy, Inc. (NYSE:SD)’s stock price hit a new 52-week high on Thursday . The company traded as high as $15.85 and last traded at $15.4940, with a volume of 369940 shares traded. The stock had previously closed at $15.60.

Analysts Set New Price Targets

A number of brokerages have issued reports on SD. Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, December 29th. Wall Street Zen raised SandRidge Energy from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

SandRidge Energy Price Performance

The firm has a market cap of $583.38 million, a P/E ratio of 8.91 and a beta of 0.52. The company’s 50-day simple moving average is $14.58 and its 200 day simple moving average is $12.63.

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 (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.10. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%. The firm had revenue of $39.82 million for the quarter, compared to analysts’ expectations of $38.80 million.

SandRidge Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, November 14th. SandRidge Energy’s dividend payout ratio (DPR) is presently 26.97%.

Hedge Funds Weigh In On SandRidge Energy

Several large investors have recently modified their holdings of SD. Azarias Capital Management L.P. lifted its position in SandRidge Energy by 384.2% in the second quarter. Azarias Capital Management L.P. now owns 346,070 shares of the oil and natural gas company’s stock worth $3,744,000 after buying an additional 274,594 shares during the last quarter. Creative Planning raised its stake in shares of SandRidge Energy by 347.7% in the second quarter. Creative Planning now owns 238,639 shares of the oil and natural gas company’s stock valued at $2,582,000 after acquiring an additional 185,334 shares during the period. Lazard Asset Management LLC raised its stake in shares of SandRidge Energy by 6,285.2% in the third quarter. Lazard Asset Management LLC now owns 130,130 shares of the oil and natural gas company’s stock valued at $1,468,000 after acquiring an additional 128,092 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of SandRidge Energy by 69.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 268,517 shares of the oil and natural gas company’s stock worth $2,905,000 after acquiring an additional 110,322 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of SandRidge Energy by 54.2% during the 2nd quarter. Raymond James Financial Inc. now owns 255,313 shares of the oil and natural gas company’s stock worth $2,762,000 after purchasing an additional 89,694 shares during the period. 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.