SandRidge Energy, Inc. (SD) CFO Sells $49,833.00 in Stock
SandRidge Energy, Inc. (NYSE:SD) CFO Julian Mark Bott sold 2,373 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $21.00, for a total value of $49,833.00. Following the transaction, the chief financial officer now directly owns 157,641 shares of the company’s stock, valued at $3,310,461. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of SandRidge Energy, Inc. (NYSE SD) traded up $0.38 during midday trading on Thursday, reaching $21.28. The company’s stock had a trading volume of 313,133 shares, compared to its average volume of 409,754. SandRidge Energy, Inc. has a 1-year low of $14.65 and a 1-year high of $22.90. The company has a market capitalization of $745.42 and a price-to-earnings ratio of -1.36. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.04.
SandRidge Energy (NYSE:SD) last announced its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.13. SandRidge Energy had a positive return on equity of 9.09% and a negative net margin of 73.96%. The business had revenue of $80.89 million during the quarter, compared to analyst estimates of $77.60 million. equities research analysts anticipate that SandRidge Energy, Inc. will post 1.45 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA purchased a new stake in shares of SandRidge Energy during the second quarter worth $119,000. Legal & General Group Plc purchased a new stake in shares of SandRidge Energy during the second quarter worth $152,000. SG Americas Securities LLC purchased a new stake in shares of SandRidge Energy during the third quarter worth $191,000. UBS Asset Management Americas Inc. lifted its position in shares of SandRidge Energy by 28.0% during the second quarter. UBS Asset Management Americas Inc. now owns 14,645 shares of the oil and natural gas company’s stock worth $252,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new stake in shares of SandRidge Energy during the second quarter worth $295,000. Hedge funds and other institutional investors own 85.28% of the company’s stock.
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.
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