SandRidge Energy (NYSE:SD) Upgraded by Wall Street Zen to “Buy” Rating

SandRidge Energy (NYSE:SD) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, SandRidge Energy presently has an average rating of “Hold”.

SandRidge Energy Price Performance

NYSE SD opened at $15.21 on Friday. The firm’s fifty day moving average price is $12.74 and its 200 day moving average price is $11.57. SandRidge Energy has a 12 month low of $8.81 and a 12 month high of $15.56. The company has a market capitalization of $559.38 million, a price-to-earnings ratio of 8.55 and a beta of 0.54.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%. The firm had revenue of $39.82 million during the quarter, compared to analysts’ expectations of $38.80 million.

Hedge Funds Weigh In On SandRidge Energy

A number of institutional investors and hedge funds have recently made changes to their positions in SD. Signaturefd LLC grew its position in SandRidge Energy by 229.3% during the second quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock worth $33,000 after buying an additional 2,128 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of SandRidge Energy by 2,011.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company’s stock worth $39,000 after buying an additional 3,460 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of SandRidge Energy by 92.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 1,854 shares in the last quarter. CWM LLC grew its position in shares of SandRidge Energy by 2,109.1% in the second quarter. CWM LLC now owns 4,860 shares of the oil and natural gas company’s stock valued at $53,000 after purchasing an additional 4,640 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in SandRidge Energy by 344.3% during the second quarter. Parallel Advisors LLC now owns 8,366 shares of the oil and natural gas company’s stock worth $91,000 after buying an additional 6,483 shares in the last quarter. 61.84% of the stock is owned by institutional investors and hedge funds.

SandRidge Energy Company Profile

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.