SandRidge Energy (NYSE:SD) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Shares of SandRidge Energy briefly crossed above their 200‑day moving average of $15.02, trading as high as $15.09 intraday (last reported $14.50) on volume of about 439,281 shares.
• Analyst sentiment is mixed — MarketBeat shows an average Hold rating after recent moves including a Weiss Ratings upgrade to Buy, a Freedom Capital cut to Strong Sell, and a Wall Street Zen downgrade to Hold.
• Fundamentals: market cap ~ $535M and P/E 7.6; the company missed quarterly EPS and revenue estimates (EPS $0.34 vs $0.37, revenue $39.4M vs $43.7M) and raised its quarterly dividend to $0.13 (annualized $0.52, ~3.6% yield).

Shares of SandRidge Energy, Inc. (NYSE:SD - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.02 and traded as high as $15.09. SandRidge Energy shares last traded at $14.5010, with a volume of 439,281 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on SD. Weiss Ratings upgraded SandRidge Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 6th. Freedom Capital cut SandRidge Energy from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, March 10th. Finally, Wall Street Zen downgraded SandRidge Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, SandRidge Energy currently has an average rating of "Hold".

SandRidge Energy Stock Performance

The firm has a market cap of $535.38 million, a P/E ratio of 7.63 and a beta of 0.56. The firm's fifty day simple moving average is $16.13 and its 200 day simple moving average is $15.02.

SandRidge Energy (NYSE:SD - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The oil and natural gas company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The firm had revenue of $39.40 million for the quarter, compared to the consensus estimate of $43.70 million. SandRidge Energy had a net margin of 44.90% and a return on equity of 11.24%.

SandRidge Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be issued a $0.13 dividend. This is a boost from SandRidge Energy's previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, May 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. SandRidge Energy's payout ratio is presently 25.26%.

Institutional Investors Weigh In On SandRidge Energy

Several large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its holdings in shares of SandRidge Energy by 92.8% in 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 buying an additional 1,854 shares during the period. Strs Ohio purchased a new position in SandRidge Energy during the 1st quarter valued at $57,000. State of Alaska Department of Revenue boosted its holdings in SandRidge Energy by 391.0% during the 4th 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 acquiring an additional 5,259 shares during the period. NewEdge Advisors LLC grew its position in SandRidge Energy by 11.1% in the 3rd quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company's stock valued at $113,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in SandRidge Energy in the 3rd quarter valued at $114,000. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Company Profile

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.

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