SandRidge Energy (NYSE:SD) Issues Earnings Results

SandRidge Energy (NYSE:SD) issued its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.13, Zacks reports. SandRidge Energy had a return on equity of 13.62% and a net margin of 46.06%. The company had revenue of $54.42 million for the quarter, compared to analysts’ expectations of $49.00 million.

SandRidge Energy Stock Up 0.2%

NYSE:SD traded up $0.03 during trading hours on Thursday, reaching $12.66. 354,334 shares of the company’s stock were exchanged, compared to its average volume of 354,816. The company has a market capitalization of $469.40 million, a P/E ratio of 5.65 and a beta of 0.74. SandRidge Energy has a 12 month low of $12.45 and a 12 month high of $18.45. The business’s 50-day simple moving average is $14.12 and its two-hundred day simple moving average is $14.92.

SandRidge Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 19th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, November 19th. SandRidge Energy’s dividend payout ratio (DPR) is presently 23.21%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Zacks Research upgraded SandRidge Energy to a “hold” rating in a report on Monday, October 5th. Weiss Ratings raised SandRidge Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen lowered SandRidge Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat, SandRidge Energy has an average rating of “Hold”.

SandRidge Energy Company Profile

SandRidge Energy, Inc is an independent oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on acquiring, developing and operating oil and gas properties in the Mid-Continent region of the United States.

SandRidge’s operations have historically centered on the Mississippian Lime formation, which extends across northern Oklahoma and southern Kansas. Its production portfolio includes crude oil, natural gas and natural gas liquids, supported by operated drilling, production and field-development activities.

Founded in 2006 by Tom Ward, SandRidge Energy became a publicly traded company and later completed a financial restructuring under Chapter 11 bankruptcy protection in 2016.