SandRidge Energy (NYSE:SD) Posts Quarterly Earnings Results

Key Points

• SandRidge Energy reported Q results with EPS $0.34, missing consensus of $0.37, and revenue of $39.4M versus estimates of $43.7M.
• Shares fell about 3.4% to $17.46; the stock has a market cap of $642M, a P/E of 9.8, and a 52‑week range of $8.81–$18.45.
• The firm announced a quarterly dividend of $0.12 ($0.48 annualized, 2.7% yield; ex‑dividend March 20), while institutional investors own ~61.8% of the shares and analysts’ consensus remains a "Hold" (one recent upgrade to "Buy").

SandRidge Energy (NYSE:SD - Get Free Report) posted its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03), FiscalAI reports. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%. The company had revenue of $39.40 million during the quarter, compared to analyst estimates of $43.70 million.

SandRidge Energy Stock Down 3.4%

Shares of SD traded down $0.62 on Thursday, hitting $17.46. The company's stock had a trading volume of 84,023 shares, compared to its average volume of 312,761. The firm has a market capitalization of $642.00 million, a price-to-earnings ratio of 9.81 and a beta of 0.55. SandRidge Energy has a fifty-two week low of $8.81 and a fifty-two week high of $18.45. The firm's fifty day moving average price is $15.73 and its 200-day moving average price is $13.69.

SandRidge Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, March 20th. SandRidge Energy's payout ratio is 26.97%.

Institutional Investors Weigh In On SandRidge Energy

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in SandRidge Energy by 92.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company's stock worth $42,000 after purchasing an additional 1,854 shares during the period. NewEdge Advisors LLC boosted its stake in shares of SandRidge Energy by 11.1% during the 3rd quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company's stock worth $113,000 after acquiring an additional 1,000 shares during the period. Quadrant Capital Group LLC acquired a new position in shares of SandRidge Energy during the 3rd quarter worth approximately $123,000. The Manufacturers Life Insurance Company increased its holdings in shares of SandRidge Energy by 23.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,995 shares of the oil and natural gas company's stock worth $151,000 after acquiring an additional 2,688 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in SandRidge Energy by 18.7% in the 3rd quarter. Intech Investment Management LLC now owns 15,210 shares of the oil and natural gas company's stock valued at $172,000 after acquiring an additional 2,393 shares during the period. 61.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on SD shares. Wall Street Zen raised SandRidge Energy from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of SandRidge Energy in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.