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

SandRidge Energy, Inc. (NYSE:SD)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.56 and traded as high as $15.29. SandRidge Energy shares last traded at $15.2290, with a volume of 444,107 shares changing hands.

Analyst Upgrades and Downgrades

SD has been the topic of a number of recent research reports. Freedom Capital cut shares of SandRidge Energy from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, March 10th. Weiss Ratings upgraded shares of SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Finally, Wall Street Zen lowered shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on 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 $16.70 and its 200 day simple moving average is $14.56. The company has a market capitalization of $560.88 million, a PE ratio of 8.02 and a beta of 0.66.

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

SandRidge Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were given a $0.12 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.48 annualized dividend and a dividend yield of 3.2%. SandRidge Energy’s payout ratio is currently 25.26%.

Institutional Investors Weigh In On SandRidge Energy

Several institutional investors and hedge funds have recently made changes to their positions in SD. Tower Research Capital LLC TRC boosted its position in shares of SandRidge Energy by 92.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 1,854 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of SandRidge Energy by 391.0% in the 4th quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company’s stock worth $94,000 after buying an additional 5,259 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of SandRidge Energy by 11.1% in the 3rd quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock worth $113,000 after buying an additional 1,000 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of SandRidge Energy in the 3rd quarter worth about $114,000. Finally, Quadrant Capital Group LLC acquired a new position in SandRidge Energy in the 3rd quarter valued at about $123,000. 61.84% of the stock is currently owned by hedge funds and other 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.