Shares of SandRidge Energy, Inc. (NYSE:SD - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.
SandRidge Energy Price Performance
The stock's fifty day simple moving average is $10.62 and its 200-day simple moving average is $11.02. The stock has a market cap 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 issued its earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). SandRidge Energy had a return on equity of 9.05% and a net margin of 47.17%. The business had revenue of $42.60 million during the quarter, compared to the consensus estimate of $43.32 million.
SandRidge Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a yield of 4.01%. SandRidge Energy's dividend payout ratio is currently 25.14%.
Hedge Funds Weigh In On SandRidge Energy
A number of large investors have recently bought and sold shares of the business. Royce & Associates LP raised its holdings in shares of SandRidge Energy by 76.2% during the fourth quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company's stock valued at $12,820,000 after buying an additional 473,542 shares during the last quarter. Nuveen LLC bought a new stake in shares of SandRidge Energy during the first quarter valued at approximately $2,932,000. Nuveen Asset Management LLC raised its holdings in shares of SandRidge Energy by 281.7% during the fourth quarter. Nuveen Asset Management LLC now owns 304,067 shares of the oil and natural gas company's stock valued at $3,561,000 after buying an additional 224,410 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SandRidge Energy during the fourth quarter valued at approximately $1,876,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of SandRidge Energy during the fourth quarter valued at approximately $1,248,000. Institutional investors own 61.84% of the company's stock.
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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