SandRidge Energy, Inc. (NYSE:SD) to Issue $0.12 Quarterly Dividend

Key Points

• SandRidge Energy will pay a quarterly dividend of $0.12 per share to holders of record on March 20, payable March 31, implying a yield of about 2.7% and a payout ratio of 27.4%, indicating the dividend is covered by earnings.
• The company missed quarter expectations, reporting EPS of $0.34 versus the $0.37 consensus and revenue of $39.4 million versus $43.7 million, though it still posted a net margin of 42.4% and a return on equity of 11.58%.
• Shares opened at $18.10 (up ~1.5%), giving a market cap of about $665.5 million and a P/E ratio near 10.2, with a 12‑month trading range of $8.81 to $18.45.

SandRidge Energy, Inc. (NYSE:SD - Get Free Report) announced a quarterly dividend on Wednesday, March 4th. Investors of record on Friday, March 20th will be paid a dividend of 0.12 per share by the oil and natural gas company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, March 20th.

SandRidge Energy has a payout ratio of 27.4% meaning its dividend is sufficiently covered by earnings.

SandRidge Energy Trading Up 1.5%

NYSE SD opened at $18.10 on Thursday. The business has a fifty day simple moving average of $15.73 and a 200 day simple moving average of $13.69. SandRidge Energy has a 12 month low of $8.81 and a 12 month high of $18.45. The firm has a market capitalization of $665.54 million, a P/E ratio of 10.17 and a beta of 0.55.

SandRidge Energy (NYSE:SD - Get Free Report) last posted its earnings results on Wednesday, March 4th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). SandRidge Energy had a return on equity of 11.58% and a net margin of 42.42%.The firm had revenue of $39.40 million during the quarter, compared to the consensus estimate of $43.70 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.

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