SandRidge Energy (NYSE:SD) Shares Gap Up - Still a Buy?

Key Points

• SandRidge Energy shares opened higher, rising from a prior close of $14.70 to $15.10 before trading around $14.55. The stock has a market capitalization of approximately $548 million and trades at a P/E ratio of 6.58.
• Analyst sentiment is cautious: two analysts rate the stock “Hold,” while recent rating changes included downgrades from Weiss Ratings and Wall Street Zen. SandRidge also missed quarterly expectations, reporting $0.57 in EPS versus the $0.75 consensus and revenue of $51.12 million versus $59 million expected.
• The company maintains a quarterly dividend of $0.13, equivalent to $0.52 annually and a 3.5% yield. Institutional investors own 61.84% of the shares, with several firms recently increasing their positions or initiating new ones.

SandRidge Energy, Inc. (NYSE:SD - Get Free Report) shares gapped up prior to trading 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 changing hands.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings cut shares of SandRidge Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, July 16th. Freedom Capital upgraded shares of SandRidge Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen cut shares of SandRidge Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold".

SandRidge Energy Price Performance

The company has a 50-day simple moving average of $13.87 and a 200-day simple moving average of $14.94. The stock has a market cap of $547.67 million, a PE ratio of 6.58 and a beta of 0.48.

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

SandRidge Energy Announces Dividend

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

Institutional Trading of SandRidge Energy

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of SandRidge Energy in the second quarter worth $5,191,000. First Trust Advisors LP boosted its stake in shares of SandRidge Energy by 27.5% during the first quarter. First Trust Advisors LP now owns 419,445 shares of the oil and natural gas company's stock valued at $6,841,000 after acquiring an additional 90,524 shares during the last quarter. LSV Asset Management increased its position in SandRidge Energy by 126.9% during the 4th quarter. LSV Asset Management now owns 182,868 shares of the oil and natural gas company's stock worth $2,639,000 after purchasing an additional 102,268 shares in the last quarter. UBS Group AG increased its position in SandRidge Energy by 92.3% during the 4th quarter. UBS Group AG now owns 148,696 shares of the oil and natural gas company's stock worth $2,146,000 after purchasing an additional 71,357 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in SandRidge Energy in the 1st quarter valued at about $1,558,000. 61.84% of the stock is currently owned by hedge funds and other institutional investors.

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.

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