SandRidge Energy, Inc. (NYSE:SD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.

According to Zacks, “SandRidge Energy, Inc. is an oil and natural gas company. It engaged in the development and production activities of oil and gas. The company’s operating segment consists of Exploration and Production, Drilling and Oil Field Services and Midstream Gas Services. Exploration and Production segment is engaged in the acquisition, development and production of oil and natural gas properties. Drilling and Oil Field Services segment is engaged in the contract drilling of oil and natural gas wells. Midstream Gas Services segment is engaged in the purchasing, gathering, treating and selling of natural gas. SandRidge Energy, Inc. is headquartered in Oklahoma City, OK. “

A number of other equities research analysts also recently weighed in on SD. Seaport Global Securities downgraded shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Wednesday, June 21st. Mizuho assumed coverage on shares of SandRidge Energy in a research report on Tuesday, April 25th. They issued a “buy” rating and a $25.00 price target for the company.

Shares of SandRidge Energy (SD) traded down 1.37% during trading on Friday, hitting $17.94. The stock had a trading volume of 80,150 shares. The stock has a market capitalization of $613.21 million and a P/E ratio of 1.79. The stock’s 50-day moving average is $18.34 and its 200-day moving average is $18.84. SandRidge Energy has a 12-month low of $15.03 and a 12-month high of $26.85.

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Several large investors have recently added to or reduced their stakes in SD. BNP Paribas Arbitrage SA purchased a new position in shares of SandRidge Energy during the second quarter valued at approximately $119,000. Legal & General Group Plc purchased a new position in shares of SandRidge Energy during the second quarter valued at approximately $152,000. Kirr Marbach & Co. LLC IN purchased a new position in shares of SandRidge Energy during the first quarter valued at approximately $200,000. California Public Employees Retirement System purchased a new position in shares of SandRidge Energy during the first quarter valued at approximately $209,000. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of SandRidge Energy during the fourth quarter valued at approximately $326,000. Institutional investors own 20.88% of the company’s stock.

About SandRidge Energy

SandRidge Energy, Inc is an oil and natural gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through two segments: exploration and production, which is engaged in the exploration and production of oil and natural gas properties and includes its proportionate share of the activities of the SandRidge Mississippian Trust I, SandRidge Mississippian Trust II and SandRidge Permian Trust (the Royalty Trusts), and midstream services, which coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent.

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