SandRidge Energy (NYSE:SD) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

SandRidge Energy, Inc. (NYSE:SD - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.00 and traded as high as $11.01. SandRidge Energy shares last traded at $10.81, with a volume of 462,744 shares trading hands.

SandRidge Energy Trading Down 0.9%

The stock has a market capitalization of $403.22 million, a PE ratio of 6.28 and a beta of 0.93. The firm has a 50 day moving average of $10.46 and a two-hundred day moving average of $11.01.

SandRidge Energy (NYSE:SD - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The oil and natural gas company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). SandRidge Energy had a net margin of 47.17% and a return on equity of 9.05%. The firm had revenue of $42.60 million during the quarter, compared to analysts' expectations of $43.32 million.

SandRidge Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Monday, May 19th. SandRidge Energy's payout ratio is 25.14%.

Hedge Funds Weigh In On SandRidge Energy

Hedge funds have recently bought and sold shares of the stock. Royce & Associates LP grew its position in shares of SandRidge Energy by 8.6% in the first quarter. Royce & Associates LP now owns 1,188,526 shares of the oil and natural gas company's stock valued at $13,573,000 after purchasing an additional 93,740 shares during the period. First Wilshire Securities Management Inc. boosted its holdings in SandRidge Energy by 0.5% in the first quarter. First Wilshire Securities Management Inc. now owns 1,154,622 shares of the oil and natural gas company's stock valued at $13,186,000 after acquiring an additional 6,092 shares during the last quarter. American Century Companies Inc. boosted its holdings in SandRidge Energy by 8.0% in the first quarter. American Century Companies Inc. now owns 1,034,804 shares of the oil and natural gas company's stock valued at $11,817,000 after acquiring an additional 76,231 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in SandRidge Energy by 19.1% in the fourth quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company's stock valued at $6,798,000 after acquiring an additional 92,950 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in SandRidge Energy by 18.3% in the fourth quarter. First Trust Advisors LP now owns 384,664 shares of the oil and natural gas company's stock valued at $4,504,000 after acquiring an additional 59,618 shares during the last quarter. Hedge funds and other institutional investors own 61.84% of the company's stock.

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.