SandRidge Energy, Inc. (NYSE:SD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

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. Seaport Global Securities cut shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research note on Wednesday, June 21st. ValuEngine cut shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 8th.

Shares of SandRidge Energy (NYSE SD) traded up 0.21% during mid-day trading on Wednesday, reaching $19.24. 7,781 shares of the company were exchanged. The stock has a market capitalization of $657.64 million and a P/E ratio of 1.92. The stock has a 50 day moving average price of $18.84 and a 200-day moving average price of $18.62. SandRidge Energy has a 12 month low of $15.03 and a 12 month high of $26.85.

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Several large investors have recently bought and sold shares of the company. Ingalls & Snyder LLC grew its stake in shares of SandRidge Energy by 4.1% during the 2nd quarter. Ingalls & Snyder LLC now owns 15,612 shares of the oil and natural gas company’s stock worth $269,000 after purchasing an additional 612 shares during the period. Bank of New York Mellon Corp grew its stake in shares of SandRidge Energy by 17.7% during the 1st quarter. Bank of New York Mellon Corp now owns 17,238 shares of the oil and natural gas company’s stock worth $319,000 after purchasing an additional 2,588 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of SandRidge Energy by 28.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 14,645 shares of the oil and natural gas company’s stock worth $252,000 after purchasing an additional 3,200 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of SandRidge Energy by 1.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 253,285 shares of the oil and natural gas company’s stock worth $4,359,000 after purchasing an additional 3,741 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of SandRidge Energy by 6.0% during the 1st quarter. HighTower Advisors LLC now owns 70,338 shares of the oil and natural gas company’s stock worth $1,284,000 after purchasing an additional 4,000 shares during the period. 19.81% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Company Profile

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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