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

SandRidge Energy (NYSE:SD) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

SandRidge Energy Trading Down 5.6%

NYSE:SD opened at $13.96 on Friday. SandRidge Energy has a 1-year low of $8.81 and a 1-year high of $15.56. The firm has a market capitalization of $513.16 million, a price-to-earnings ratio of 7.84 and a beta of 0.52. The business’s 50-day moving average price is $13.93 and its two-hundred day moving average price is $12.16.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data 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 business had revenue of $39.82 million for the quarter, compared to analyst estimates of $38.80 million.

Institutional Trading of SandRidge Energy

A number of institutional investors have recently bought and sold shares of SD. Signaturefd LLC raised its position in SandRidge Energy by 229.3% during the second quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock valued at $33,000 after purchasing an additional 2,128 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in SandRidge Energy by 2,011.6% in the second quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company’s stock valued at $39,000 after buying an additional 3,460 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of SandRidge Energy by 92.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 1,854 shares during the last quarter. CWM LLC grew its stake in shares of SandRidge Energy by 2,109.1% during the second quarter. CWM LLC now owns 4,860 shares of the oil and natural gas company’s stock worth $53,000 after buying an additional 4,640 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of SandRidge Energy by 344.3% during the second quarter. Parallel Advisors LLC now owns 8,366 shares of the oil and natural gas company’s stock worth $91,000 after buying an additional 6,483 shares in the last quarter. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Company Profile

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.