SandRidge Energy (NYSE:SD) Reaches New 1-Year High After Analyst Upgrade

SandRidge Energy, Inc. (NYSE:SD)’s stock price reached a new 52-week high during mid-day trading on Friday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $15.71 and last traded at $15.6150, with a volume of 33919 shares. The stock had previously closed at $15.18.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Trading of SandRidge Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its holdings in SandRidge Energy by 229.3% during 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. Azarias Capital Management L.P. lifted its holdings in shares of SandRidge Energy by 384.2% in the second quarter. Azarias Capital Management L.P. now owns 346,070 shares of the oil and natural gas company’s stock valued at $3,744,000 after purchasing an additional 274,594 shares in the last quarter. American Century Companies Inc. grew its position in shares of SandRidge Energy by 7.0% in the second quarter. American Century Companies Inc. now owns 1,107,341 shares of the oil and natural gas company’s stock valued at $11,981,000 after purchasing an additional 72,537 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of SandRidge Energy by 138.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,134 shares of the oil and natural gas company’s stock worth $348,000 after purchasing an additional 18,631 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of SandRidge Energy during the 2nd quarter worth approximately $140,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

The company has a 50-day moving average of $14.44 and a 200-day moving average of $12.48. The stock has a market capitalization of $566.14 million, a price-to-earnings ratio of 8.65 and a beta of 0.52.

SandRidge Energy (NYSE:SD) last posted 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. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%. The business had revenue of $39.82 million during the quarter, compared to analysts’ expectations of $38.80 million.

SandRidge Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued 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 3.1%. SandRidge Energy’s payout ratio is currently 26.97%.

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.