SandRidge Energy (NYSE:SD) Rating Increased to Buy at Wall Street Zen

SandRidge Energy (NYSE:SD) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of SandRidge Energy in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, SandRidge Energy presently has an average rating of “Hold”.

SandRidge Energy Stock Up 1.4%

SD stock opened at $15.40 on Friday. The company has a market capitalization of $566.07 million, a price-to-earnings ratio of 8.65 and a beta of 0.52. SandRidge Energy has a 12 month low of $8.81 and a 12 month high of $15.78. The firm has a 50 day moving average of $14.44 and a two-hundred day moving average of $12.47.

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

Hedge Funds Weigh In On SandRidge Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SD. Azarias Capital Management L.P. lifted its position in shares of SandRidge Energy by 384.2% in the 2nd quarter. Azarias Capital Management L.P. now owns 346,070 shares of the oil and natural gas company’s stock worth $3,744,000 after acquiring an additional 274,594 shares during the period. Creative Planning lifted its position in SandRidge Energy by 347.7% in the second quarter. Creative Planning now owns 238,639 shares of the oil and natural gas company’s stock worth $2,582,000 after purchasing an additional 185,334 shares during the period. Lazard Asset Management LLC boosted its stake in SandRidge Energy by 6,285.2% during the third quarter. Lazard Asset Management LLC now owns 130,130 shares of the oil and natural gas company’s stock worth $1,468,000 after buying an additional 128,092 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of SandRidge Energy by 69.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 268,517 shares of the oil and natural gas company’s stock valued at $2,905,000 after buying an additional 110,322 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of SandRidge Energy by 54.2% during the 2nd quarter. Raymond James Financial Inc. now owns 255,313 shares of the oil and natural gas company’s stock worth $2,762,000 after acquiring an additional 89,694 shares during the period. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Company Profile

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.