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

SandRidge Energy, Inc. (NYSE:SD)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $18.45 and last traded at $17.9650, with a volume of 56243 shares traded. The stock had previously closed at $17.53.

Wall Street Analyst Weigh In

SD has been the topic of a number of analyst reports. Weiss Ratings restated 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 note on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, SandRidge Energy currently has an average rating of “Hold”.

SandRidge Energy Stock Performance

The firm has a market cap of $656.34 million, a price-to-earnings ratio of 10.03 and a beta of 0.55. The business has a fifty day moving average of $15.66 and a two-hundred day moving average of $13.66.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SD. Icahn Carl C lifted its holdings in SandRidge Energy by 0.8% in the 4th quarter. Icahn Carl C now owns 4,911,564 shares of the oil and natural gas company’s stock valued at $70,874,000 after purchasing an additional 41,331 shares in the last quarter. Vanguard Group Inc. raised its stake in SandRidge Energy by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,262,914 shares of the oil and natural gas company’s stock worth $25,526,000 after purchasing an additional 10,142 shares during the period. First Wilshire Securities Management Inc. boosted its holdings in shares of SandRidge Energy by 5.2% in the 4th quarter. First Wilshire Securities Management Inc. now owns 1,400,977 shares of the oil and natural gas company’s stock valued at $20,216,000 after purchasing an additional 69,093 shares during the last quarter. Royce & Associates LP grew its position in SandRidge Energy by 2.6% during the third quarter. Royce & Associates LP now owns 1,275,040 shares of the oil and natural gas company’s stock valued at $14,382,000 after acquiring an additional 31,789 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of SandRidge Energy by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,255,062 shares of the oil and natural gas company’s stock worth $18,111,000 after purchasing an additional 10,621 shares during the period. 61.84% of the stock is currently owned by institutional investors and hedge funds.

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.