SandRidge Energy (NYSE:SD) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

SandRidge Energy, Inc. (NYSE:SD) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.85 and traded as high as $14.14. SandRidge Energy shares last traded at $14.0650, with a volume of 252,405 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on SD. Wall Street Zen raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SandRidge Energy in a report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

SandRidge Energy Stock Performance

The firm’s 50 day simple moving average is $13.20 and its 200 day simple moving average is $11.85. The firm has a market capitalization of $517.17 million, a price-to-earnings ratio of 7.90 and a beta of 0.54.

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

SandRidge Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.4%. SandRidge Energy’s dividend payout ratio (DPR) is presently 26.97%.

Institutional Trading of SandRidge Energy

Hedge funds have recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of SandRidge Energy by 1.5% in the second quarter. Invesco Ltd. now owns 59,816 shares of the oil and natural gas company’s stock valued at $647,000 after buying an additional 907 shares during the last quarter. NewEdge Advisors LLC boosted its position in SandRidge Energy by 11.1% during the third quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock worth $113,000 after acquiring an additional 1,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in SandRidge Energy by 0.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 259,948 shares of the oil and natural gas company’s stock valued at $2,969,000 after acquiring an additional 1,143 shares in the last quarter. AlphaQuest LLC raised its holdings in SandRidge Energy by 3.7% in the 3rd quarter. AlphaQuest LLC now owns 38,802 shares of the oil and natural gas company’s stock valued at $438,000 after acquiring an additional 1,396 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in SandRidge Energy by 1.9% in the 1st quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company’s stock worth $885,000 after purchasing an additional 1,421 shares in the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Company Profile

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.