Short Interest in SandRidge Energy, Inc. (NYSE:SD) Grows By 29.6%

SandRidge Energy, Inc. (NYSE:SD) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 901,300 shares, an increase of 29.6% from the February 28th total of 695,300 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily volume of 306,700 shares, the short-interest ratio is presently 2.9 days.

Hedge Funds Weigh In On SandRidge Energy

Several hedge funds have recently added to or reduced their stakes in SD. Dynamic Technology Lab Private Ltd lifted its stake in SandRidge Energy by 3.7% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 24,397 shares of the oil and natural gas company’s stock worth $286,000 after purchasing an additional 870 shares during the last quarter. Northern Trust Corp raised its holdings in shares of SandRidge Energy by 0.4% in the fourth quarter. Northern Trust Corp now owns 296,302 shares of the oil and natural gas company’s stock worth $3,470,000 after buying an additional 1,294 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of SandRidge Energy by 1.0% during the 4th quarter. Teacher Retirement System of Texas now owns 143,881 shares of the oil and natural gas company’s stock worth $1,685,000 after acquiring an additional 1,474 shares during the last quarter. SG Americas Securities LLC boosted its holdings in SandRidge Energy by 3.0% during the 4th quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company’s stock valued at $697,000 after acquiring an additional 1,738 shares during the period. Finally, Nebula Research & Development LLC grew its position in SandRidge Energy by 7.4% in the 4th quarter. Nebula Research & Development LLC now owns 33,366 shares of the oil and natural gas company’s stock valued at $391,000 after acquiring an additional 2,307 shares during the last quarter. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Price Performance

Shares of NYSE:SD traded up $0.04 during trading on Monday, hitting $11.46. The company had a trading volume of 209,197 shares, compared to its average volume of 292,744. The stock has a market cap of $425.61 million, a price-to-earnings ratio of 8.95 and a beta of 2.03. The company has a fifty day simple moving average of $11.78 and a two-hundred day simple moving average of $11.74. SandRidge Energy has a one year low of $10.31 and a one year high of $15.31.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.14). The company had revenue of $38.97 million during the quarter, compared to the consensus estimate of $50.27 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.84%. SandRidge Energy’s dividend payout ratio is presently 25.88%.

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.