SandRidge Energy (NYSE:SD) Stock Crosses Above 200 Day Moving Average of $14.18

SandRidge Energy, Inc. (NYSE:SD)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.18 and traded as high as $14.62. SandRidge Energy shares last traded at $14.55, with a volume of 161,634 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of SandRidge Energy from a “b” rating to a “c+” rating in a report on Wednesday, March 6th.

SandRidge Energy Price Performance

The stock has a market capitalization of $539.63 million, a price-to-earnings ratio of 8.87 and a beta of 2.15. The business’s 50-day simple moving average is $14.03 and its two-hundred day simple moving average is $14.18.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, March 6th. The oil and natural gas company reported $0.35 earnings per share for the quarter. The firm had revenue of $33.93 million for the quarter. SandRidge Energy had a net margin of 40.94% and a return on equity of 14.50%.

SandRidge Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.03%. SandRidge Energy’s payout ratio is currently 26.83%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of SandRidge Energy by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,683,520 shares of the oil and natural gas company’s stock valued at $26,364,000 after purchasing an additional 28,616 shares during the period. American Century Companies Inc. boosted its stake in shares of SandRidge Energy by 10.0% in the third quarter. American Century Companies Inc. now owns 475,889 shares of the oil and natural gas company’s stock valued at $7,452,000 after purchasing an additional 43,075 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of SandRidge Energy by 9.9% in the third quarter. Bank of New York Mellon Corp now owns 310,830 shares of the oil and natural gas company’s stock valued at $4,868,000 after purchasing an additional 28,086 shares during the period. Brandywine Global Investment Management LLC purchased a new position in shares of SandRidge Energy in the third quarter valued at $3,549,000. Finally, Denali Advisors LLC raised its holdings in SandRidge Energy by 87.2% in the first quarter. Denali Advisors LLC now owns 172,800 shares of the oil and natural gas company’s stock valued at $2,518,000 after acquiring an additional 80,500 shares in the last quarter. 61.84% of the stock is currently owned by hedge funds and other institutional investors.

About SandRidge Energy

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.