SandRidge Energy, Inc. (NYSE:SD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

According to Zacks, “SandRidge Energy, Inc. is an oil and natural gas company. It engaged in the development and production activities of oil and gas. The company’s operating segment consists of Exploration and Production, Drilling and Oil Field Services and Midstream Gas Services. Exploration and Production segment is engaged in the acquisition, development and production of oil and natural gas properties. Drilling and Oil Field Services segment is engaged in the contract drilling of oil and natural gas wells. Midstream Gas Services segment is engaged in the purchasing, gathering, treating and selling of natural gas. SandRidge Energy, Inc. is headquartered in Oklahoma City, OK. “

Other equities analysts have also recently issued reports about the stock. Mizuho started coverage on shares of SandRidge Energy in a research report on Tuesday, April 25th. They set a “buy” rating and a $25.00 price objective for the company. Seaport Global Securities cut shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a research report on Wednesday, June 21st.

Shares of SandRidge Energy (NYSE:SD) opened at 17.94 on Friday. The stock has a market cap of $613.21 million and a PE ratio of 1.79. SandRidge Energy has a one year low of $15.03 and a one year high of $26.85. The company has a 50-day moving average of $18.34 and a 200 day moving average of $18.84.

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Several hedge funds and other institutional investors have recently bought and sold shares of SD. Schwab Charles Investment Management Inc. boosted its stake in shares of SandRidge Energy by 11.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 40,468 shares of the oil and natural gas company’s stock valued at $749,000 after buying an additional 4,104 shares during the period. Cannell Capital LLC boosted its stake in SandRidge Energy by 21.9% in the first quarter. Cannell Capital LLC now owns 550,687 shares of the oil and natural gas company’s stock worth $10,182,000 after buying an additional 98,963 shares during the last quarter. Vanguard Group Inc. boosted its stake in SandRidge Energy by 84.1% in the first quarter. Vanguard Group Inc. now owns 1,042,460 shares of the oil and natural gas company’s stock worth $19,275,000 after buying an additional 476,198 shares during the last quarter. Schneider Capital Management Corp bought a new stake in SandRidge Energy during the first quarter worth $1,527,000. Finally, Segantii Capital Management Ltd boosted its stake in SandRidge Energy by 1,307.4% in the first quarter. Segantii Capital Management Ltd now owns 46,445 shares of the oil and natural gas company’s stock worth $859,000 after buying an additional 43,145 shares during the last quarter. 20.88% of the stock is owned by institutional investors and hedge funds.

About SandRidge Energy

SandRidge Energy, Inc is an oil and natural gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through two segments: exploration and production, which is engaged in the exploration and production of oil and natural gas properties and includes its proportionate share of the activities of the SandRidge Mississippian Trust I, SandRidge Mississippian Trust II and SandRidge Permian Trust (the Royalty Trusts), and midstream services, which coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent.

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