SandRidge Energy, Inc. (NYSE:SD - Get Free Report) shares passed 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 trading hands.
SandRidge Energy Price Performance
The stock's 50 day simple moving average is $10.08 and its two-hundred day simple moving average is $11.01. The company has a market capitalization of $443.88 million, a P/E ratio of 6.91 and a beta of 0.91.
SandRidge Energy (NYSE:SD - Get Free Report) last released 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 firm had revenue of $42.60 million during the quarter, compared to analyst estimates 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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.11 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a yield of 3.64%. SandRidge Energy's payout ratio is 25.14%.
Institutional Trading of SandRidge Energy
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of SandRidge Energy during the 4th quarter worth approximately $41,000. Point72 Asset Management L.P. bought a new position in SandRidge Energy in the fourth quarter valued at approximately $86,000. NewEdge Advisors LLC grew its holdings in 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 acquiring an additional 4,500 shares during the period. SCS Capital Management LLC acquired a new stake in SandRidge Energy during the 1st quarter worth $114,000. Finally, GAMMA Investing LLC raised its position 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 valued at $119,000 after acquiring an additional 10,183 shares during the last quarter. 61.84% of the stock is owned by institutional investors.
About SandRidge Energy
(
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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