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

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. “

Several other equities research analysts have also commented on SD. Seaport Global Securities lowered 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. ValuEngine lowered shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 8th.

SandRidge Energy (SD) traded up 0.74% during mid-day trading on Wednesday, reaching $19.10. 84,487 shares of the company were exchanged. SandRidge Energy has a one year low of $15.03 and a one year high of $26.85. The stock has a 50-day moving average price of $19.00 and a 200 day moving average price of $18.65. The company has a market capitalization of $652.86 million and a PE ratio of 1.91.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA increased its position in shares of SandRidge Energy by 16.0% during the 2nd quarter. Federated Investors Inc. PA now owns 582,650 shares of the oil and natural gas company’s stock valued at $10,027,000 after purchasing an additional 80,495 shares during the last quarter. Q Global Advisors LLC purchased a new stake in shares of SandRidge Energy during the 1st quarter valued at about $8,163,000. Kirr Marbach & Co. LLC IN increased its position in shares of SandRidge Energy by 56.9% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 16,955 shares of the oil and natural gas company’s stock valued at $292,000 after purchasing an additional 6,150 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of SandRidge Energy during the 1st quarter valued at about $4,614,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of SandRidge Energy during the 1st quarter valued at about $2,151,000. 19.81% of the stock is owned by hedge funds and other institutional investors.

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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