SandRidge Energy, Inc. (NYSE:SD) Short Interest Down 13.8% in January

SandRidge Energy, Inc. (NYSE:SD) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 1,776,672 shares, a decline of 13.8% from the December 31st total of 2,059,934 shares. Currently, 4.9% of the shares of the stock are sold short. Based on an average daily volume of 307,944 shares, the days-to-cover ratio is currently 5.8 days. Based on an average daily volume of 307,944 shares, the days-to-cover ratio is currently 5.8 days. Currently, 4.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On SandRidge Energy

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its position in SandRidge Energy by 1.8% during the first quarter. Empowered Funds LLC now owns 139,197 shares of the oil and natural gas company’s stock valued at $1,590,000 after purchasing an additional 2,518 shares in the last quarter. Signaturefd LLC increased its position in SandRidge Energy by 229.3% during the 2nd 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 during the period. Vanguard Personalized Indexing Management LLC bought a new position in shares of SandRidge Energy during the 2nd quarter valued at approximately $140,000. CWM LLC grew its position in shares of SandRidge Energy by 2,109.1% in the second quarter. CWM LLC now owns 4,860 shares of the oil and natural gas company’s stock valued at $53,000 after purchasing an additional 4,640 shares in the last quarter. Finally, Privium Fund Management B.V. lifted its position in shares of SandRidge Energy by 58.9% in the 2nd quarter. Privium Fund Management B.V. now owns 37,022 shares of the oil and natural gas company’s stock worth $401,000 after purchasing an additional 13,722 shares during the period. 61.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

SandRidge Energy Stock Performance

NYSE:SD traded up $0.26 during mid-day trading on Wednesday, hitting $16.30. The stock had a trading volume of 200,494 shares, compared to its average volume of 307,750. SandRidge Energy has a twelve month low of $8.81 and a twelve month high of $16.61. The stock has a market cap of $599.31 million, a price-to-earnings ratio of 9.15 and a beta of 0.58. The company’s 50 day simple moving average is $14.65 and its 200 day simple moving average is $12.74.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $38.80 million.

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.