SandRidge Energy (NYSE:SD) Rating Lowered to Strong Sell at Freedom Capital

SandRidge Energy (NYSE:SD) was downgraded by research analysts at Freedom Capital from a “strong-buy” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Weiss Ratings raised shares of SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 6th. 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 equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SandRidge Energy presently has an average rating of “Hold”.

SandRidge Energy Trading Down 1.9%

Shares of NYSE SD opened at $16.50 on Tuesday. The firm has a market capitalization of $607.58 million, a price-to-earnings ratio of 8.68 and a beta of 0.55. SandRidge Energy has a one year low of $8.81 and a one year high of $18.45. The business has a fifty day simple moving average of $15.99 and a 200 day simple moving average of $13.90.

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

Institutional Investors Weigh In On SandRidge Energy

A number of hedge funds have recently made changes to their positions in SD. Icahn Carl C lifted its holdings in SandRidge Energy by 0.8% during the 4th quarter. Icahn Carl C now owns 4,911,564 shares of the oil and natural gas company’s stock valued at $70,874,000 after purchasing an additional 41,331 shares during the last quarter. Vanguard Group Inc. grew its stake in SandRidge Energy by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,262,914 shares of the oil and natural gas company’s stock worth $25,526,000 after buying an additional 10,142 shares during the last quarter. First Wilshire Securities Management Inc. increased its holdings in shares of SandRidge Energy by 5.2% during the fourth quarter. First Wilshire Securities Management Inc. now owns 1,400,977 shares of the oil and natural gas company’s stock worth $20,216,000 after buying an additional 69,093 shares in the last quarter. Royce & Associates LP increased its holdings in shares of SandRidge Energy by 2.6% during the third quarter. Royce & Associates LP now owns 1,275,040 shares of the oil and natural gas company’s stock worth $14,382,000 after buying an additional 31,789 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of SandRidge Energy by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,255,062 shares of the oil and natural gas company’s stock valued at $18,111,000 after acquiring an additional 10,621 shares during the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

About SandRidge Energy

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.