SandRidge Energy, Inc. (NYSE:SD) Short Interest Update

Key Points

• SandRidge Energy reported a significant decline in short interest, dropping by 21.2% from July to August, with a total of 1,080,000 shares shorted as of August 15th.
• Director Vincent J. Intrieri purchased 25,000 shares at an average price of $10.96, increasing his ownership position by 113.76%.
• The company recently announced a dividend increase, with a quarterly payment of $0.12 per share set for September 29th, reflecting a 4.2% yield.

SandRidge Energy, Inc. (NYSE:SD - Get Free Report) saw a large decline in short interest in August. As of August 15th, there was short interest totaling 1,080,000 shares, adeclineof21.2% from the July 31st total of 1,370,000 shares. Based on an average daily trading volume, of 340,500 shares, the days-to-cover ratio is currently 3.2 days. Currently,3.4% of the shares of the stock are short sold. Currently,3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 340,500 shares, the days-to-cover ratio is currently 3.2 days.

Insider Activity at SandRidge Energy

In other SandRidge Energy news, Director Vincent J. Intrieri acquired 25,000 shares of the stock in a transaction dated Monday, August 18th. The shares were bought at an average price of $10.96 per share, with a total value of $274,000.00. Following the purchase, the director directly owned 46,976 shares of the company's stock, valued at approximately $514,856.96. This trade represents a 113.76% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Azarias Capital Management L.P. grew its position in 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 purchasing an additional 274,594 shares in the last quarter. Nuveen LLC purchased a new position in SandRidge Energy during the first quarter valued at approximately $2,932,000. Nuveen Asset Management LLC grew its position in SandRidge Energy by 281.7% during the fourth quarter. Nuveen Asset Management LLC now owns 304,067 shares of the oil and natural gas company's stock valued at $3,561,000 after purchasing an additional 224,410 shares in the last quarter. Creative Planning grew its position in SandRidge Energy by 347.7% during the second quarter. Creative Planning now owns 238,639 shares of the oil and natural gas company's stock valued at $2,582,000 after purchasing an additional 185,334 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in SandRidge Energy by 69.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 268,517 shares of the oil and natural gas company's stock valued at $2,905,000 after purchasing an additional 110,322 shares in the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Stock Up 0.3%

Shares of SandRidge Energy stock traded up $0.03 during trading on Tuesday, hitting $11.48. The stock had a trading volume of 130,210 shares, compared to its average volume of 313,293. The stock has a 50 day simple moving average of $10.91 and a 200 day simple moving average of $10.67. The company has a market capitalization of $421.93 million, a PE ratio of 5.64 and a beta of 0.90. SandRidge Energy has a 1 year low of $8.81 and a 1 year high of $13.19.

SandRidge Energy (NYSE:SD - Get Free Report) last released its earnings results on Wednesday, August 6th. The oil and natural gas company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $34.53 million for the quarter, compared to the consensus estimate of $37.30 million. SandRidge Energy had a net margin of 51.77% and a return on equity of 10.05%.

SandRidge Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.2%. This is an increase from SandRidge Energy's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Monday, September 22nd. SandRidge Energy's payout ratio is 21.57%.

SandRidge Energy Company Profile

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.

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