SandRidge Energy (NYSE:SD) Reaches New 1-Year High – Time to Buy?

SandRidge Energy, Inc. (NYSE:SD)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $15.71 and last traded at $15.6150, with a volume of 33919 shares. The stock had previously closed at $15.18.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SD. Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday, December 29th. Wall Street Zen cut shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, SandRidge Energy currently has an average rating of “Hold”.

SandRidge Energy Price Performance

The stock has a market capitalization of $570.52 million, a price-to-earnings ratio of 8.73 and a beta of 0.52. The business has a 50 day simple moving average of $14.42 and a 200-day simple moving average of $12.44.

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

SandRidge Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, November 14th. This represents a $0.48 annualized dividend and a yield of 3.1%. SandRidge Energy’s dividend payout ratio (DPR) is 26.97%.

Hedge Funds Weigh In On SandRidge Energy

A number of institutional investors and hedge funds have recently bought and sold shares of SD. Empowered Funds LLC lifted its stake in shares of SandRidge Energy by 1.8% in the first quarter. Empowered Funds LLC now owns 139,197 shares of the oil and natural gas company’s stock worth $1,590,000 after acquiring an additional 2,518 shares during the period. Parallel Advisors LLC lifted its position in SandRidge Energy by 344.3% in the 2nd quarter. Parallel Advisors LLC now owns 8,366 shares of the oil and natural gas company’s stock valued at $91,000 after acquiring an additional 6,483 shares in the last quarter. Ballentine Partners LLC bought a new stake in SandRidge Energy during the second quarter worth $109,000. Signaturefd LLC grew its position in SandRidge Energy by 229.3% in the 2nd quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock worth $33,000 after purchasing an additional 2,128 shares in the last quarter. Finally, Azarias Capital Management L.P. increased its position in shares of SandRidge Energy by 384.2% during the second quarter. Azarias Capital Management L.P. now owns 346,070 shares of the oil and natural gas company’s stock valued at $3,744,000 after acquiring an additional 274,594 shares during the last quarter. 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.