SandRidge Mississippian Trust II (SDR) Lifted to Buy at ValuEngine
SandRidge Mississippian Trust II (NYSE:SDR) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
Shares of SandRidge Mississippian Trust II (NYSE SDR) traded down $0.01 during mid-day trading on Friday, reaching $1.19. 223,140 shares of the company’s stock were exchanged, compared to its average volume of 179,479. The company has a market cap of $73.97, a price-to-earnings ratio of 5.00 and a beta of 1.04. SandRidge Mississippian Trust II has a fifty-two week low of $1.18 and a fifty-two week high of $1.79.
An institutional investor recently raised its position in SandRidge Mississippian Trust II stock. Virtu KCG Holdings LLC raised its holdings in shares of SandRidge Mississippian Trust II (NYSE:SDR) by 645.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,372 shares of the oil and gas producer’s stock after purchasing an additional 95,556 shares during the quarter. Virtu KCG Holdings LLC owned 0.22% of SandRidge Mississippian Trust II worth $158,000 as of its most recent SEC filing. 0.74% of the stock is currently owned by hedge funds and other institutional investors.
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SandRidge Mississippian Trust II is a statutory trust. The royalty interests conveyed by SandRidge Energy, Inc (SandRidge) from its interests in certain properties in the Mississippian formation in northern Oklahoma and southern Kansas and held by the Trust are referred to as the Royalty Interests. The Trust holds Royalty Interests in specified oil and natural gas properties.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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