Short Interest in SandRidge Energy, Inc. (NYSE:SD) Increases By 22.4%

SandRidge Energy, Inc. (NYSE:SD) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,905,891 shares, an increase of 22.4% from the January 29th total of 1,556,957 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 332,364 shares, the short-interest ratio is presently 5.7 days. Based on an average daily trading volume, of 332,364 shares, the short-interest ratio is presently 5.7 days. Approximately 5.3% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a research note on Monday, December 29th. Wall Street Zen upgraded SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Federation des caisses Desjardins du Quebec boosted its position in shares of SandRidge Energy by 0.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 98,080 shares of the oil and natural gas company’s stock worth $1,415,000 after purchasing an additional 900 shares during the last quarter. Invesco Ltd. boosted its holdings in SandRidge Energy by 1.5% during the second quarter. Invesco Ltd. now owns 59,816 shares of the oil and natural gas company’s stock worth $647,000 after buying an additional 907 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of SandRidge Energy by 9.1% during the 4th quarter. Sanctuary Advisors LLC now owns 11,867 shares of the oil and natural gas company’s stock worth $171,000 after buying an additional 994 shares during the period. NewEdge Advisors LLC increased its stake 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 valued at $113,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of SandRidge Energy by 4.8% in the 4th quarter. Russell Investments Group Ltd. now owns 26,003 shares of the oil and natural gas company’s stock valued at $375,000 after acquiring an additional 1,199 shares during the period. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Stock Down 4.9%

SD stock traded down $0.88 during midday trading on Thursday, reaching $17.20. The stock had a trading volume of 188,852 shares, compared to its average volume of 315,777. The business has a fifty day simple moving average of $15.73 and a two-hundred day simple moving average of $13.69. The firm has a market cap of $632.44 million, a price-to-earnings ratio of 9.66 and a beta of 0.55. SandRidge Energy has a twelve month low of $8.81 and a twelve month high of $18.45.

SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, March 4th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%. The business had revenue of $39.40 million during the quarter, compared to the consensus estimate of $43.70 million.

SandRidge Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, March 20th. SandRidge Energy’s payout ratio is currently 26.97%.

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.