SandRidge Energy (NYSE:SD) Trading Down 4.9% – Time to Sell?

SandRidge Energy, Inc. (NYSE:SD) shares were down 4.9% on Monday . The stock traded as low as $15.93 and last traded at $15.9940. Approximately 284,264 shares were traded during trading, a decline of 23% from the average daily volume of 368,294 shares. The stock had previously closed at $16.81.

Analysts Set New Price Targets

Several analysts have commented on SD shares. Weiss Ratings upgraded shares of SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Wall Street Zen cut SandRidge Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Freedom Capital downgraded SandRidge Energy from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

SandRidge Energy Stock Down 2.3%

The business’s fifty day moving average is $16.38 and its two-hundred day moving average is $14.16. The stock has a market capitalization of $604.60 million, a PE ratio of 8.63 and a beta of 0.55.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, March 4th. 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). SandRidge Energy had a net margin of 44.90% and a return on equity of 11.24%. The business had revenue of $39.40 million for the quarter, compared to analysts’ expectations of $43.70 million.

SandRidge Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.9%. SandRidge Energy’s dividend payout ratio (DPR) is presently 25.26%.

Institutional Investors Weigh In On SandRidge Energy

Several large investors have recently added to or reduced their stakes in SD. Empowered Funds LLC raised its position in SandRidge Energy by 1.8% during the first quarter. Empowered Funds LLC now owns 139,197 shares of the oil and natural gas company’s stock valued at $1,590,000 after purchasing an additional 2,518 shares during the period. PNC Financial Services Group Inc. increased its position in shares of SandRidge Energy by 2,011.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company’s stock valued at $39,000 after purchasing an additional 3,460 shares during the last quarter. Geode Capital Management LLC raised its holdings in SandRidge Energy by 8.1% during the 2nd quarter. Geode Capital Management LLC now owns 823,191 shares of the oil and natural gas company’s stock valued at $8,909,000 after buying an additional 61,586 shares during the period. Creative Planning lifted its position in SandRidge Energy by 347.7% in the second quarter. Creative Planning now owns 238,639 shares of the oil and natural gas company’s stock worth $2,582,000 after buying an additional 185,334 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in SandRidge Energy by 179.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 36,364 shares of the oil and natural gas company’s stock worth $393,000 after buying an additional 23,360 shares during the period. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Company Profile

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.