Segall Bryant & Hamill LLC Acquires Shares of 94,406 SandRidge Energy, Inc. $SD

Segall Bryant & Hamill LLC acquired a new stake in SandRidge Energy, Inc. (NYSE:SD) in the first quarter, Holdings Channel.com reports. The firm acquired 94,406 shares of the oil and natural gas company’s stock, valued at approximately $1,558,000.

Several other large investors have also made changes to their positions in SD. Empowered Funds LLC raised its stake in shares of SandRidge Energy by 1.8% during the 1st quarter. Empowered Funds LLC now owns 139,197 shares of the oil and natural gas company’s stock worth $1,590,000 after buying an additional 2,518 shares during the period. Franklin Resources Inc. grew its stake in SandRidge Energy by 18.9% in the 2nd quarter. Franklin Resources Inc. now owns 21,355 shares of the oil and natural gas company’s stock valued at $231,000 after acquiring an additional 3,396 shares during the period. Quantbot Technologies LP increased its holdings in SandRidge Energy by 15.8% in the 2nd quarter. Quantbot Technologies LP now owns 21,769 shares of the oil and natural gas company’s stock worth $236,000 after acquiring an additional 2,977 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in 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 in the last quarter. Finally, Invesco Ltd. raised its position in SandRidge Energy by 1.5% during the second quarter. Invesco Ltd. now owns 59,816 shares of the oil and natural gas company’s stock worth $647,000 after acquiring an additional 907 shares during the period. 61.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SD has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of SandRidge Energy from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings cut shares of SandRidge Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Finally, Freedom Capital upgraded shares of SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, SandRidge Energy has an average rating of “Hold”.

SandRidge Energy Price Performance

NYSE SD opened at $13.53 on Wednesday. The company has a market cap of $499.34 million, a PE ratio of 6.60 and a beta of 0.55. The stock’s 50 day simple moving average is $14.02 and its 200-day simple moving average is $15.29. SandRidge Energy, Inc. has a 1-year low of $9.95 and a 1-year high of $18.45.

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

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.