SandRidge Energy, Inc. (NYSE:SD) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

Other research analysts have also issued research reports about the company. Seaport Global Securities lowered SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Wednesday, June 21st. Zacks Investment Research upgraded SandRidge Energy from a “sell” rating to a “hold” rating in a report on Friday, July 28th.

SandRidge Energy (NYSE:SD) opened at 18.05 on Friday. SandRidge Energy has a 52-week low of $15.03 and a 52-week high of $26.85. The firm has a market cap of $616.97 million and a price-to-earnings ratio of 1.80. The firm’s 50 day moving average price is $18.22 and its 200 day moving average price is $18.42.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of SandRidge Energy during the second quarter valued at approximately $1,355,000. Schneider Capital Management Corp increased its position in shares of SandRidge Energy by 263.9% during the second quarter. Schneider Capital Management Corp now owns 300,634 shares of the oil and natural gas company’s stock valued at $5,174,000 after acquiring an additional 218,026 shares during the last quarter. California State Teachers Retirement System purchased a new stake in shares of SandRidge Energy during the second quarter valued at approximately $1,065,000. State Street Corp increased its position in shares of SandRidge Energy by 4,926.1% during the second quarter. State Street Corp now owns 763,964 shares of the oil and natural gas company’s stock valued at $13,147,000 after acquiring an additional 748,764 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of SandRidge Energy by 1.5% during the second quarter. Goldman Sachs Group Inc. now owns 253,285 shares of the oil and natural gas company’s stock valued at $4,359,000 after acquiring an additional 3,741 shares during the last quarter. 70.93% of the stock is owned by institutional investors.

SandRidge Energy Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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