SandRidge Energy (NYSE:SD) Rating Lowered to “Hold” at Wall Street Zen

SandRidge Energy (NYSE:SDGet Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

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SandRidge Energy Stock Up 0.8%

Shares of NYSE SD opened at $17.40 on Friday. SandRidge Energy has a twelve month low of $8.81 and a twelve month high of $18.45. The firm has a market cap of $639.87 million, a P/E ratio of 9.16 and a beta of 0.55. The company has a 50 day moving average of $15.86 and a 200 day moving average of $13.80.

SandRidge Energy (NYSE:SDGet Free Report) last released its quarterly earnings data on Wednesday, March 4th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). SandRidge Energy had a net margin of 44.90% and a return on equity of 11.24%. The business had revenue of $39.40 million during the quarter, compared to the consensus estimate of $43.70 million.

Institutional Investors Weigh In On SandRidge Energy

A number of hedge funds have recently modified their holdings of SD. Creative Planning increased its stake in shares of SandRidge Energy by 347.7% in the 2nd 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 in the last quarter. Azarias Capital Management L.P. lifted its position in SandRidge Energy by 39.2% during the third quarter. Azarias Capital Management L.P. now owns 481,704 shares of the oil and natural gas company’s stock valued at $5,434,000 after purchasing an additional 135,634 shares in the last quarter. Lazard Asset Management LLC grew its holdings 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 valued at $1,468,000 after purchasing an additional 128,092 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in SandRidge Energy by 69.7% during the second 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 purchasing an additional 110,322 shares during the period. Finally, LSV Asset Management increased its position in SandRidge Energy by 126.9% in the fourth quarter. LSV Asset Management now owns 182,868 shares of the oil and natural gas company’s stock worth $2,639,000 after buying an additional 102,268 shares in the last quarter. Institutional investors own 61.84% of the company’s stock.

Key Stories Impacting SandRidge Energy

Here are the key news stories impacting SandRidge Energy this week:

SandRidge Energy Company Profile

(Get Free Report)

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.

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