SandRidge Energy, Inc. Plans Quarterly Dividend of $0.13 (NYSE:SD)

SandRidge Energy, Inc. (NYSE:SD) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, August 19th will be given a dividend of 0.13 per share by the oil and natural gas company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, August 19th.

SandRidge Energy has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings.

SandRidge Energy Price Performance

Shares of SandRidge Energy stock opened at $13.23 on Thursday. The stock has a market capitalization of $488.46 million, a price-to-earnings ratio of 6.45 and a beta of 0.55. SandRidge Energy has a 12 month low of $10.10 and a 12 month high of $18.45. The business has a 50-day moving average of $14.00 and a 200 day moving average of $15.28.

SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, August 5th. The oil and natural gas company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). The firm had revenue of $51.12 million for the quarter, compared to analyst estimates of $59.00 million. SandRidge Energy had a return on equity of 12.31% and a net margin of 46.37%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SD. Weiss Ratings cut SandRidge Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Wall Street Zen cut shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Freedom Capital raised shares of SandRidge Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.