SandRidge Energy (NYSE:SD) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded SandRidge Energy from a “hold” to a “buy” rating in a research note issued Saturday.
• The stock has had mixed analyst sentiment overall, with Freedom Capital recently cutting it to “strong sell” while Weiss Ratings upgraded it to “buy.” MarketBeat says the consensus rating remains “Hold.”
• SandRidge recently beat earnings expectations, reporting $0.59 EPS versus $0.41 expected and revenue of $49.78 million versus $45.00 million forecasted in its latest quarterly results.

SandRidge Energy (NYSE:SD - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Several other equities analysts have also recently issued reports on SD. Freedom Capital cut SandRidge Energy from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, March 10th. Weiss Ratings raised SandRidge Energy from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold".

SandRidge Energy Stock Performance

NYSE:SD opened at $14.41 on Friday. The firm has a market cap of $532.09 million, a P/E ratio of 7.03 and a beta of 0.56. SandRidge Energy has a fifty-two week low of $9.52 and a fifty-two week high of $18.45. The firm has a 50-day simple moving average of $16.09 and a two-hundred day simple moving average of $15.05.

SandRidge Energy (NYSE:SD - Get Free Report) last issued its earnings results on Wednesday, May 6th. The oil and natural gas company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.18. SandRidge Energy had a net margin of 46.37% and a return on equity of 12.50%. The firm had revenue of $49.78 million for the quarter, compared to the consensus estimate of $45.00 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its position in SandRidge Energy by 329.6% in the 1st quarter. Sanctuary Advisors LLC now owns 50,986 shares of the oil and natural gas company's stock worth $832,000 after purchasing an additional 39,119 shares during the period. DGS Capital Management LLC bought a new position in shares of SandRidge Energy during the 1st quarter valued at $169,000. Y Intercept Hong Kong Ltd bought a new position in shares of SandRidge Energy during the 1st quarter valued at $235,000. Strs Ohio purchased a new position in shares of SandRidge Energy in the 1st quarter worth $57,000. Finally, Ruggaard & Associates LLC purchased a new position in shares of SandRidge Energy in the 4th quarter worth $154,000. Institutional investors own 61.84% of the company's stock.

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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