SandRidge Energy (NYSE:SD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SandRidge Energy (NYSE:SD) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

SandRidge Energy Price Performance

Shares of NYSE:SD opened at $13.61 on Friday. The stock has a market capitalization of $500.33 million, a P/E ratio of 7.64 and a beta of 0.52. The business has a 50-day moving average of $13.97 and a two-hundred day moving average of $12.17. SandRidge Energy has a fifty-two week low of $8.81 and a fifty-two week high of $15.56.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The business had revenue of $39.82 million for the quarter, compared to the consensus estimate of $38.80 million. SandRidge Energy had a return on equity of 11.58% and a net margin of 42.42%.

SandRidge Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.5%. SandRidge Energy’s dividend payout ratio is 26.97%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Signaturefd LLC raised its holdings in SandRidge Energy by 229.3% in the 2nd quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock valued at $33,000 after acquiring an additional 2,128 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of SandRidge Energy by 2,011.6% during the second 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 period. Tower Research Capital LLC TRC raised its stake in shares of SandRidge Energy by 92.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock valued at $42,000 after purchasing an additional 1,854 shares in the last quarter. CWM LLC lifted its position in SandRidge Energy by 2,109.1% in the second quarter. CWM LLC now owns 4,860 shares of the oil and natural gas company’s stock worth $53,000 after purchasing an additional 4,640 shares during the period. Finally, Parallel Advisors LLC boosted its stake in SandRidge Energy by 344.3% during the second quarter. Parallel Advisors LLC now owns 8,366 shares of the oil and natural gas company’s stock worth $91,000 after buying an additional 6,483 shares in the last quarter. Institutional investors and hedge funds 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.