Weiss Ratings Reiterates Hold (C) Rating for SandRidge Energy (NYSE:SD)

Key Points

• Weiss Ratings has reiterated a "hold (C)" rating for SandRidge Energy (NYSE:SD), indicating no change in their investment stance.
• SandRidge Energy's stock price decreased by 0.8%, closing at $11.75 on Tuesday, with a trading volume significantly below its average.
• Insider activity includes Director Vincent J. Intrieri purchasing 25,000 shares at an average price of $10.96, representing a 113.76% increase in their position.

SandRidge Energy (NYSE:SD - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

SandRidge Energy Trading Down 0.8%

NYSE:SD traded down $0.10 on Tuesday, hitting $11.75. The company had a trading volume of 87,295 shares, compared to its average volume of 312,605. The stock has a market capitalization of $431.63 million, a price-to-earnings ratio of 5.74 and a beta of 0.90. The firm has a 50 day moving average of $11.44 and a two-hundred day moving average of $10.70. SandRidge Energy has a 52 week low of $8.81 and a 52 week high of $13.00.

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

Insider Buying and Selling

In related news, Director Vincent J. Intrieri purchased 25,000 shares of SandRidge Energy stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of $10.96 per share, for a total transaction of $274,000.00. Following the completion of the acquisition, the director owned 46,976 shares of the company's stock, valued at $514,856.96. This trade represents a 113.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company's stock.

Institutional Trading of SandRidge Energy

Several hedge funds have recently added to or reduced their stakes in SD. GAMMA Investing LLC raised its position in 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 during the period. Rhumbline Advisers increased its holdings in SandRidge Energy by 1.9% during the 1st quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company's stock worth $885,000 after acquiring an additional 1,421 shares during the period. Azarias Capital Management L.P. bought a new stake in SandRidge Energy during the 1st quarter worth approximately $816,000. Royce & Associates LP grew its stake in SandRidge Energy by 8.6% in the 1st quarter. Royce & Associates LP now owns 1,188,526 shares of the oil and natural gas company's stock worth $13,573,000 after buying an additional 93,740 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. grew its stake in SandRidge Energy by 2.8% in the 1st 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 buying an additional 2,678 shares in the last quarter. Institutional investors 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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