Alps Advisors Inc. Makes New Investment in SandRidge Energy, Inc. $SD

Alps Advisors Inc. acquired a new stake in SandRidge Energy, Inc. (NYSE:SD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 39,930 shares of the oil and natural gas company’s stock, valued at approximately $450,000. Alps Advisors Inc. owned 0.11% of SandRidge Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in SandRidge Energy by 2,011.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company’s stock valued at $39,000 after purchasing an additional 3,460 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in 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 during the last quarter. CWM LLC raised its holdings in shares of SandRidge Energy by 2,109.1% during the second quarter. CWM LLC now owns 4,860 shares of the oil and natural gas company’s stock valued at $53,000 after acquiring an additional 4,640 shares during the last quarter. Independent Advisor Alliance acquired a new stake in shares of SandRidge Energy in the third quarter worth approximately $114,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of SandRidge Energy in the second quarter worth approximately $140,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

SD opened at $16.87 on Friday. The stock has a market capitalization of $620.35 million, a PE ratio of 9.48 and a beta of 0.58. SandRidge Energy, Inc. has a one year low of $8.81 and a one year high of $17.34. The business’s 50 day moving average price is $14.99 and its 200 day moving average price is $13.08.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SD. Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, December 29th. Wall Street Zen raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.