SandRidge Energy (NYSE:SD) Shares Gap Down After Earnings Miss

Key Points

• Earnings miss and price drop: SandRidge reported Q results of $0.34 EPS vs. $0.37 expected and revenue of $39.4M vs. $43.7M, and the stock gapped down, opening at $17.09 from $18.08 and trading around $17.31 (roughly down 5.1%).
• Dividend declared: The company announced a $0.12 quarterly dividend (paid March 31, ex‑dividend and record date March 20), equal to $0.48 annually for a ~2.8% yield and a ~27% payout ratio.
• Analyst and ownership backdrop: MarketBeat shows a consensus "Hold" rating (Weiss Ratings also Hold, Wall Street Zen upgraded to Buy), and institutional investors own about 61.8% of the stock.

SandRidge Energy, Inc. (NYSE:SD - Get Free Report)'s stock price gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $18.08, but opened at $17.09. SandRidge Energy shares last traded at $17.31, with a volume of 111,879 shares changing hands.

The oil and natural gas company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $39.40 million during the quarter, compared to analyst estimates of $43.70 million. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%.

SandRidge Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.48 dividend on an annualized basis and a yield of 2.8%. SandRidge Energy's payout ratio is 26.97%.

Analyst Ratings Changes

SD has been the subject of several research reports. Weiss Ratings reissued a "hold (c)" rating on shares of SandRidge Energy in a report on Monday, December 29th. Wall Street Zen upgraded shares of SandRidge Energy from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, SandRidge Energy currently has a consensus rating of "Hold".

Hedge Funds Weigh In On SandRidge Energy

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in SandRidge Energy by 2,011.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company's stock worth $39,000 after buying an additional 3,460 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of 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 acquiring an additional 1,854 shares during the period. CWM LLC raised its holdings in SandRidge Energy by 2,109.1% during the second quarter. CWM LLC now owns 4,860 shares of the oil and natural gas company's stock worth $53,000 after purchasing an additional 4,640 shares in the last quarter. State of Alaska Department of Revenue lifted its position in SandRidge Energy by 391.0% in the fourth quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company's stock valued at $94,000 after purchasing an additional 5,259 shares during the period. Finally, NewEdge Advisors LLC lifted its position in SandRidge Energy by 11.1% in the third quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company's stock valued at $113,000 after purchasing an additional 1,000 shares during the period. 61.84% of the stock is owned by institutional investors and hedge funds.

SandRidge Energy Trading Down 5.1%

The stock has a fifty day simple moving average of $15.73 and a two-hundred day simple moving average of $13.69. The company has a market cap of $630.61 million, a PE ratio of 9.63 and a beta of 0.55.

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.