Shares of SandRidge Energy, Inc. (NYSE:SD - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.01 and traded as high as $11.05. SandRidge Energy shares last traded at $10.88, with a volume of 171,395 shares.
SandRidge Energy Trading Up 1.4%
The stock has a 50 day moving average of $10.62 and a 200-day moving average of $11.02. The stock has a market capitalization of $402.46 million, a P/E ratio of 6.27 and a beta of 0.93.
SandRidge Energy (NYSE:SD - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $43.32 million. SandRidge Energy had a return on equity of 9.05% and a net margin of 47.17%.
SandRidge Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $0.11 per share. The ex-dividend date was Monday, May 19th. This represents a $0.44 annualized dividend and a yield of 4.01%. SandRidge Energy's payout ratio is currently 25.14%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd increased its holdings in shares of SandRidge Energy by 3.7% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 24,397 shares of the oil and natural gas company's stock valued at $286,000 after acquiring an additional 870 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of SandRidge Energy by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 259,948 shares of the oil and natural gas company's stock valued at $2,969,000 after acquiring an additional 1,143 shares during the period. Northern Trust Corp increased its holdings in shares of SandRidge Energy by 0.4% in the 4th quarter. Northern Trust Corp now owns 296,302 shares of the oil and natural gas company's stock valued at $3,470,000 after acquiring an additional 1,294 shares during the period. Rhumbline Advisers increased its holdings in shares of SandRidge Energy by 1.9% in the 1st quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company's stock valued at $885,000 after acquiring an additional 1,421 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in shares of SandRidge Energy by 1.0% in the 4th quarter. Teacher Retirement System of Texas now owns 143,881 shares of the oil and natural gas company's stock valued at $1,685,000 after acquiring an additional 1,474 shares during the period. 61.84% of the stock is currently owned by hedge funds and other 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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