SandRidge Energy (NYSE:SD) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of SandRidge Energy (NYSE:SD) from a buy rating to a hold rating in a research report released on Monday.

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

SandRidge Energy Stock Performance

NYSE SD opened at $13.98 on Monday. SandRidge Energy has a 52 week low of $8.81 and a 52 week high of $15.56. The stock’s 50 day moving average price is $14.12 and its two-hundred day moving average price is $12.24. The stock has a market capitalization of $514.08 million, a price-to-earnings ratio of 7.85 and a beta of 0.52.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.10. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%. The company had revenue of $39.82 million during the quarter, compared to analysts’ expectations of $38.80 million.

SandRidge Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, November 14th. SandRidge Energy’s payout ratio is presently 26.97%.

Institutional Trading of SandRidge Energy

A number of large investors have recently added to or reduced their stakes in SD. Icahn Carl C grew its position in shares of SandRidge Energy by 1.1% in the 3rd quarter. Icahn Carl C now owns 4,870,233 shares of the oil and natural gas company’s stock valued at $54,936,000 after acquiring an additional 51,401 shares during the period. Vanguard Group Inc. lifted its stake in 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 valued at $25,526,000 after purchasing an additional 10,142 shares during the last quarter. Royce & Associates LP grew its holdings in 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 purchasing an additional 31,789 shares during the period. First Wilshire Securities Management Inc. increased its position in SandRidge Energy by 7.3% during 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 buying an additional 83,959 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in 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 valued at $11,981,000 after buying an additional 72,537 shares during the period. 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.