SandRidge Energy (NYSE:SD) Trading Down 5.3% - Time to Sell?

Key Points

• Shares fell 5.3% intraday to $15.44 on Wednesday with just ~64,360 shares traded, an 83% drop from average daily volume.
• SandRidge missed quarterly estimates, reporting $0.34 EPS vs. $0.37 expected and $39.4M revenue vs. $43.7M expected, while trading at a market cap of $562M and a P/E of 8.04.
• Analyst sentiment is mixed (consensus Hold after upgrades and downgrades), and the company pays a $0.12 quarterly dividend (≈3.1% yield, 25.3% payout ratio).

SandRidge Energy, Inc. (NYSE:SD - Get Free Report) shares were down 5.3% during mid-day trading on Wednesday . The company traded as low as $15.32 and last traded at $15.44. Approximately 64,360 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 379,783 shares. The stock had previously closed at $16.31.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings raised SandRidge Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 6th. Wall Street Zen downgraded shares of SandRidge Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Freedom Capital lowered shares of SandRidge Energy from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SandRidge Energy currently has a consensus rating of "Hold".

SandRidge Energy Stock Down 6.4%

The company has a market cap of $562.36 million, a price-to-earnings ratio of 8.04 and a beta of 0.55. The firm has a 50 day moving average price of $16.69 and a two-hundred day moving average price of $14.42.

SandRidge Energy (NYSE:SD - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $39.40 million during the quarter, compared to analyst estimates of $43.70 million. SandRidge Energy had a return on equity of 11.24% and a net margin of 44.90%.

SandRidge Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were given a dividend of $0.12 per share. The ex-dividend date was Friday, March 20th. This represents a $0.48 annualized dividend and a dividend yield of 3.1%. SandRidge Energy's dividend payout ratio is 25.26%.

Institutional Trading of SandRidge Energy

Institutional investors have recently bought and sold shares of the company. Icahn Carl C grew its position in shares of SandRidge Energy by 0.8% during the 4th quarter. Icahn Carl C now owns 4,911,564 shares of the oil and natural gas company's stock worth $70,874,000 after buying an additional 41,331 shares during the period. Vanguard Group Inc. boosted its stake in SandRidge Energy by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,262,914 shares of the oil and natural gas company's stock worth $25,526,000 after acquiring an additional 10,142 shares in the last quarter. First Wilshire Securities Management Inc. grew its holdings in SandRidge Energy by 5.2% in the fourth quarter. First Wilshire Securities Management Inc. now owns 1,400,977 shares of the oil and natural gas company's stock worth $20,216,000 after purchasing an additional 69,093 shares during the period. Royce & Associates LP increased its stake in SandRidge Energy by 2.6% in the third quarter. Royce & Associates LP now owns 1,275,040 shares of the oil and natural gas company's stock valued at $14,382,000 after purchasing an additional 31,789 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in SandRidge Energy by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,255,062 shares of the oil and natural gas company's stock valued at $18,111,000 after purchasing an additional 10,621 shares in the last quarter. Institutional investors own 61.84% of the company's stock.

About SandRidge Energy

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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