SandRidge Energy, Inc. (NYSE:SD - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.01 and traded as high as $12.64. SandRidge Energy shares last traded at $12.10, with a volume of 907,423 shares.
SandRidge Energy Stock Down 3.3%
The stock has a market cap of $422.63 million, a price-to-earnings ratio of 6.58 and a beta of 0.91. The company has a 50 day simple moving average of $10.17 and a 200 day simple moving average of $11.01.
SandRidge Energy (NYSE:SD - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $42.60 million for the quarter, compared to analyst estimates of $43.32 million. SandRidge Energy had a return on equity of 9.05% and a net margin of 47.17%.
SandRidge Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Monday, May 19th. SandRidge Energy's dividend payout ratio (DPR) is currently 25.14%.
Institutional Trading of SandRidge Energy
Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in SandRidge Energy in the fourth quarter valued at approximately $41,000. Point72 Asset Management L.P. bought a new position in shares of SandRidge Energy during the 4th quarter worth approximately $86,000. NewEdge Advisors LLC boosted its holdings in shares of SandRidge Energy by 100.0% during the 4th quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company's stock worth $105,000 after buying an additional 4,500 shares in the last quarter. SCS Capital Management LLC bought a new position in shares of SandRidge Energy during the 1st quarter worth approximately $114,000. Finally, GAMMA Investing LLC boosted its holdings in shares of SandRidge Energy by 4,607.7% during the 1st quarter. GAMMA Investing LLC now owns 10,404 shares of the oil and natural gas company's stock worth $119,000 after buying an additional 10,183 shares in the last quarter. 61.84% of the stock is currently owned by institutional investors.
SandRidge Energy Company Profile
(
Get Free Report)
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.
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