SandRidge Energy (NYSE:SD) Announces Earnings Results, Misses Estimates By $0.03 EPS

SandRidge Energy (NYSE:SD) issued its quarterly earnings data on Wednesday. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03), FiscalAI reports. The firm had revenue of $39.40 million for the quarter, compared to analyst estimates of $43.70 million. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%.

SandRidge Energy Trading Down 4.0%

Shares of SD stock traded down $0.72 on Thursday, hitting $17.36. 132,250 shares of the stock were exchanged, compared to its average volume of 314,636. The firm has a market capitalization of $638.33 million, a P/E ratio of 9.75 and a beta of 0.55. The business has a 50-day moving average of $15.73 and a 200 day moving average of $13.69. SandRidge Energy has a fifty-two week low of $8.81 and a fifty-two week high of $18.45.

SandRidge Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, March 20th. SandRidge Energy’s payout ratio is 26.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SD shares. Weiss Ratings reissued a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, December 29th. Wall Street Zen raised SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Institutional Investors Weigh In On SandRidge Energy

Several institutional investors have recently bought and sold shares of SD. Invesco Ltd. grew its stake in shares of SandRidge Energy by 14.5% during the 4th quarter. Invesco Ltd. now owns 93,128 shares of the oil and natural gas company’s stock worth $1,344,000 after acquiring an additional 11,777 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in SandRidge Energy by 18.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 21,646 shares of the oil and natural gas company’s stock worth $312,000 after purchasing an additional 3,370 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in SandRidge Energy by 50.0% during the fourth quarter. NewEdge Advisors LLC now owns 15,000 shares of the oil and natural gas company’s stock worth $216,000 after purchasing an additional 5,000 shares during the last quarter. nVerses Capital LLC bought a new position in SandRidge Energy in the fourth quarter valued at $345,000. Finally, Oxford Asset Management LLP acquired a new stake in SandRidge Energy in the 4th quarter valued at $240,000. Institutional investors own 61.84% of the company’s stock.

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.