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

SandRidge Energy, Inc. (NYSE:SD - Get Free Report)'s stock price crossed 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 Stock Performance

The stock has a market cap of $406.53 million, a PE ratio of 6.33 and a beta of 0.93. The company has a 50 day moving average of $10.37 and a two-hundred day moving average of $11.00.

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

SandRidge Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.97%. SandRidge Energy's dividend payout ratio is currently 25.14%.

Institutional Trading of SandRidge Energy

Large investors have recently made changes to their positions in the company. 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 in the last quarter. First Wilshire Securities Management Inc. grew its holdings in SandRidge Energy by 0.5% in the 1st 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 buying an additional 6,092 shares in the last quarter. American Century Companies Inc. increased its stake in shares of SandRidge Energy by 8.0% in the 1st quarter. American Century Companies Inc. now owns 1,034,804 shares of the oil and natural gas company's stock worth $11,817,000 after acquiring an additional 76,231 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SandRidge Energy by 19.1% during the 4th quarter. Bank of New York Mellon Corp now owns 580,529 shares of the oil and natural gas company's stock worth $6,798,000 after acquiring an additional 92,950 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of SandRidge Energy by 18.3% during the 4th quarter. First Trust Advisors LP now owns 384,664 shares of the oil and natural gas company's stock worth $4,504,000 after acquiring an additional 59,618 shares during the period. 61.84% of the stock is currently owned by hedge funds and other institutional investors.

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.