SandRidge Energy (NYSE:SD) Shares Gap Up – What’s Next?

SandRidge Energy, Inc. (NYSE:SD) gapped up before the market opened on Thursday . The stock had previously closed at $14.70, but opened at $15.10. SandRidge Energy shares last traded at $14.5450, with a volume of 51,775 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Weiss Ratings downgraded shares of SandRidge Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Wall Street Zen cut shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Freedom Capital upgraded SandRidge Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

SandRidge Energy Trading Down 0.0%

The stock has a market capitalization of $543.63 million, a price-to-earnings ratio of 6.55 and a beta of 0.48. The business has a 50 day simple moving average of $13.93 and a 200-day simple moving average of $14.92.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, August 5th. The oil and natural gas company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). The company had revenue of $51.12 million for the quarter, compared to analyst estimates of $59.00 million. SandRidge Energy had a net margin of 46.06% and a return on equity of 13.62%.

SandRidge Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Wednesday, August 19th. SandRidge Energy’s payout ratio is presently 23.21%.

Hedge Funds Weigh In On SandRidge Energy

A number of large investors have recently bought and sold shares of SD. Integrated Wealth Concepts LLC acquired a new position in shares of SandRidge Energy in the 2nd quarter valued at $29,000. Tower Research Capital LLC TRC increased its holdings in shares of SandRidge Energy by 92.8% during the 2nd 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. Strs Ohio purchased a new position in shares of SandRidge Energy in the 1st quarter worth $57,000. State of Wyoming purchased a new position in shares of SandRidge Energy in the 1st quarter worth $71,000. Finally, California State Teachers Retirement System raised its position in shares of SandRidge Energy by 249.2% in the 2nd quarter. California State Teachers Retirement System now owns 6,055 shares of the oil and natural gas company’s stock worth $83,000 after buying an additional 4,321 shares during the period. Hedge funds and other institutional investors 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.