SandRidge Energy (NYSE:SD) Sets New 1-Year High – What’s Next?

SandRidge Energy, Inc. (NYSE:SD) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.75 and last traded at $14.57, with a volume of 158512 shares trading hands. The stock had previously closed at $14.14.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SD shares. Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a report on Monday. Wall Street Zen cut SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, SandRidge Energy currently has an average rating of “Hold”.

SandRidge Energy Price Performance

The company’s 50-day moving average price is $12.53 and its two-hundred day moving average price is $11.49. The company has a market capitalization of $552.29 million, a price-to-earnings ratio of 8.44 and a beta of 0.54.

SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.32 by $0.10. SandRidge Energy had a return on equity of 11.58% and a net margin of 42.42%.The company had revenue of $39.82 million during the quarter, compared to the consensus estimate of $38.80 million.

SandRidge Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.2%. SandRidge Energy’s payout ratio is 26.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Icahn Carl C raised its position in SandRidge Energy by 1.1% in the 3rd quarter. Icahn Carl C now owns 4,870,233 shares of the oil and natural gas company’s stock worth $54,936,000 after purchasing an additional 51,401 shares during the period. Vanguard Group Inc. increased its stake in shares of SandRidge Energy by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,262,914 shares of the oil and natural gas company’s stock worth $25,526,000 after buying an additional 10,142 shares during the period. Royce & Associates LP boosted its position in SandRidge Energy by 2.6% during the 3rd quarter. Royce & Associates LP now owns 1,275,040 shares of the oil and natural gas company’s stock valued at $14,382,000 after buying an additional 31,789 shares during the period. First Wilshire Securities Management Inc. grew its holdings in SandRidge Energy by 7.3% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 1,238,581 shares of the oil and natural gas company’s stock worth $13,401,000 after acquiring an additional 83,959 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of SandRidge Energy by 7.0% during the second quarter. American Century Companies Inc. now owns 1,107,341 shares of the oil and natural gas company’s stock valued at $11,981,000 after acquiring an additional 72,537 shares during the last quarter. 61.84% of the stock is currently owned by hedge funds and other institutional investors.

SandRidge Energy Company Profile

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.