24,000 Shares in SandRidge Energy, Inc. (SD) Acquired by Phoenix Investment Adviser LLC
Phoenix Investment Adviser LLC bought a new stake in SandRidge Energy, Inc. (NYSE:SD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 24,000 shares of the oil and natural gas company’s stock, valued at approximately $506,000.
A number of other large investors have also recently modified their holdings of SD. State Street Corp lifted its stake in SandRidge Energy by 4,926.1% in the 2nd quarter. State Street Corp now owns 763,964 shares of the oil and natural gas company’s stock valued at $13,147,000 after purchasing an additional 748,764 shares during the last quarter. Northern Trust Corp lifted its stake in SandRidge Energy by 844.8% in the 2nd quarter. Northern Trust Corp now owns 372,897 shares of the oil and natural gas company’s stock valued at $6,417,000 after purchasing an additional 333,428 shares during the last quarter. Vanguard Group Inc. lifted its stake in SandRidge Energy by 26.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,323,094 shares of the oil and natural gas company’s stock valued at $22,770,000 after purchasing an additional 280,634 shares during the last quarter. Schneider Capital Management Corp lifted its stake in SandRidge Energy by 263.9% in the 2nd quarter. Schneider Capital Management Corp now owns 300,634 shares of the oil and natural gas company’s stock valued at $5,174,000 after purchasing an additional 218,026 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in SandRidge Energy by 258.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 246,695 shares of the oil and natural gas company’s stock valued at $4,956,000 after purchasing an additional 177,798 shares during the last quarter. Institutional investors and hedge funds own 10.12% of the company’s stock.
Shares of SandRidge Energy, Inc. (SD) traded down $0.47 during mid-day trading on Friday, reaching $19.15. 275,779 shares of the company’s stock traded hands, compared to its average volume of 391,885. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $699.77 and a P/E ratio of -1.28. SandRidge Energy, Inc. has a 1 year low of $14.65 and a 1 year high of $22.29.
SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.13. The firm had revenue of $80.89 million during the quarter, compared to the consensus estimate of $77.60 million. SandRidge Energy had a negative net margin of 73.96% and a positive return on equity of 9.09%. research analysts forecast that SandRidge Energy, Inc. will post 1.45 earnings per share for the current fiscal year.
In related news, major shareholder Carl C. Icahn acquired 869,184 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $16.11 per share, for a total transaction of $14,002,554.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Julian Mark Bott sold 2,373 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $21.00, for a total transaction of $49,833.00. Following the sale, the chief financial officer now owns 157,641 shares of the company’s stock, valued at $3,310,461. The disclosure for this sale can be found here. Insiders have sold 138,527 shares of company stock valued at $2,917,714 over the last 90 days. Company insiders own 3.60% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Mizuho downgraded shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $25.00 target price for the company. in a research note on Tuesday. Zacks Investment Research downgraded shares of SandRidge Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, ValuEngine upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd.
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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