SandRidge Energy (NYSE:SD) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• SandRidge Energy's stock price recently exceeded its 200-day moving average of $10.70, reaching a high of $11.81 during trading, with a last traded price of $11.64.
• The company announced an increase in its quarterly dividend from $0.11 to $0.12 per share, representing a 4.1% dividend yield.
• Analysts have given SandRidge Energy a "hold" rating, with a consensus rating indicating cautious sentiment among investors.

SandRidge Energy, Inc. (NYSE:SD - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.70 and traded as high as $11.81. SandRidge Energy shares last traded at $11.64, with a volume of 202,849 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c)" rating on shares of SandRidge Energy in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

SandRidge Energy Trading Down 1.7%

The stock's fifty day moving average price is $11.47 and its 200-day moving average price is $10.70. The firm has a market cap of $427.59 million, a price-to-earnings ratio of 5.70 and a beta of 0.90.

SandRidge Energy (NYSE:SD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The oil and natural gas company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. SandRidge Energy had a return on equity of 10.05% and a net margin of 51.77%.The company had revenue of $34.53 million for the quarter, compared to analyst estimates of $37.30 million.

SandRidge Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a dividend of $0.12 per share. This is an increase from SandRidge Energy's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, September 22nd. SandRidge Energy's dividend payout ratio (DPR) is 23.53%.

Insider Activity at SandRidge Energy

In other SandRidge Energy news, Director Vincent J. Intrieri purchased 25,000 shares of the company's stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $10.96 per share, for a total transaction of $274,000.00. Following the completion of the purchase, the director directly owned 46,976 shares in the company, valued at approximately $514,856.96. The trade was a 113.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SandRidge Energy

Several institutional investors have recently modified their holdings of SD. GAMMA Investing LLC grew its stake in shares of SandRidge Energy by 4,607.7% in the first quarter. GAMMA Investing LLC now owns 10,404 shares of the oil and natural gas company's stock worth $119,000 after acquiring an additional 10,183 shares in the last quarter. Rhumbline Advisers grew its stake in shares of SandRidge Energy by 1.9% during the first quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company's stock worth $885,000 after purchasing an additional 1,421 shares in the last quarter. Azarias Capital Management L.P. acquired a new position in shares of SandRidge Energy during the first quarter worth $816,000. Royce & Associates LP grew its stake in shares of SandRidge Energy by 8.6% during the first quarter. Royce & Associates LP now owns 1,188,526 shares of the oil and natural gas company's stock worth $13,573,000 after purchasing an additional 93,740 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. grew its stake in shares of SandRidge Energy by 2.8% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 99,790 shares of the oil and natural gas company's stock worth $1,143,000 after purchasing an additional 2,678 shares in the last quarter. Institutional investors and hedge funds own 61.84% of the company's stock.

About SandRidge Energy

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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