SandRidge Energy (NYSE:SD) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of SandRidge Energy (NYSE:SD) from a hold rating to a buy rating in a research note published on Saturday morning.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, SandRidge Energy currently has a consensus rating of “Hold”.

SandRidge Energy Stock Down 1.8%

Shares of SandRidge Energy stock traded down $0.23 during trading on Friday, reaching $12.58. 342,086 shares of the stock were exchanged, compared to its average volume of 308,679. The firm has a market cap of $462.30 million, a price-to-earnings ratio of 6.17 and a beta of 0.91. SandRidge Energy has a 1 year low of $8.81 and a 1 year high of $13.43. The stock’s fifty day moving average is $11.69 and its 200 day moving average is $10.96.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. SandRidge Energy had a return on equity of 10.05% and a net margin of 51.77%.The business had revenue of $39.82 million during the quarter, compared to analyst estimates of $38.80 million.

SandRidge Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.8%. SandRidge Energy’s dividend payout ratio is currently 26.97%.

Insider Activity

In other SandRidge Energy news, Director Vincent J. Intrieri acquired 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average price of $10.96 per share, with a total value of $274,000.00. Following the completion of the purchase, the director directly owned 46,976 shares of the company’s stock, valued at approximately $514,856.96. The trade was a 113.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Institutional Trading of SandRidge Energy

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of SandRidge Energy by 0.5% in the 3rd 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. boosted its holdings in SandRidge Energy by 7.3% in the second quarter. First Wilshire Securities Management Inc. now owns 1,238,581 shares of the oil and natural gas company’s stock worth $13,401,000 after acquiring an additional 83,959 shares in the last quarter. Royce & Associates LP boosted its holdings in SandRidge Energy by 8.6% in the first quarter. Royce & Associates LP now owns 1,188,526 shares of the oil and natural gas company’s stock worth $13,573,000 after acquiring an additional 93,740 shares in the last quarter. American Century Companies Inc. grew its stake 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 worth $11,981,000 after acquiring an additional 72,537 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of SandRidge Energy by 8.1% during the second quarter. Geode Capital Management LLC now owns 823,191 shares of the oil and natural gas company’s stock valued at $8,909,000 after acquiring an additional 61,586 shares in the last quarter. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Company Profile

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.