SandRidge Energy, Inc. (NYSE:SD) Shareholders to Receive $0.13 Quarterly Dividend

SandRidge Energy, Inc. (NYSE:SD) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.13 per share by the oil and natural gas company on Monday, November 30th. This represents a $0.52 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, November 19th.

SandRidge Energy has a dividend payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect SandRidge Energy to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 34.7%.

SandRidge Energy Trading Down 5.8%

SD stock opened at $12.61 on Thursday. SandRidge Energy has a 12-month low of $11.96 and a 12-month high of $18.45. The stock has a market capitalization of $467.43 million, a price-to-earnings ratio of 5.63 and a beta of 0.74. The firm’s 50-day moving average price is $14.12 and its two-hundred day moving average price is $14.92.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, November 4th. The oil and natural gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.13. SandRidge Energy had a return on equity of 13.62% and a net margin of 46.06%. The business had revenue of $54.42 million during the quarter, compared to analyst estimates of $49.00 million. Equities analysts predict that SandRidge Energy will post 2.13 EPS for the current year.

Institutional Trading of SandRidge Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. bought a new stake in SandRidge Energy during the 3rd quarter valued at about $541,000. Lakewood Asset Management LLC lifted its stake in shares of SandRidge Energy by 5.1% in the third quarter. Lakewood Asset Management LLC now owns 29,424 shares of the oil and natural gas company’s stock worth $397,000 after buying an additional 1,426 shares in the last quarter. Seven Mile Advisory purchased a new stake in shares of SandRidge Energy during the third quarter valued at approximately $203,000. Pinnacle Associates Ltd. purchased a new stake in shares of SandRidge Energy during the third quarter valued at approximately $931,000. Finally, Fortitude Family Office LLC boosted its stake in SandRidge Energy by 8,346.9% during the 3rd quarter. Fortitude Family Office LLC now owns 6,842 shares of the oil and natural gas company’s stock valued at $92,000 after purchasing an additional 6,761 shares during the last quarter. 61.84% of the stock is currently owned by institutional investors.

About SandRidge Energy

SandRidge Energy, Inc is an independent oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on acquiring, developing and operating oil and gas properties in the Mid-Continent region of the United States.

SandRidge’s operations have historically centered on the Mississippian Lime formation, which extends across northern Oklahoma and southern Kansas. Its production portfolio includes crude oil, natural gas and natural gas liquids, supported by operated drilling, production and field-development activities.

Founded in 2006 by Tom Ward, SandRidge Energy became a publicly traded company and later completed a financial restructuring under Chapter 11 bankruptcy protection in 2016.