SandRidge Energy (NYSE:SD) Upgraded to Buy at Wall Street Zen

SandRidge Energy (NYSE:SD) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Friday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of SandRidge Energy in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

SandRidge Energy Stock Up 1.4%

NYSE:SD opened at $15.40 on Friday. The firm has a market cap of $566.07 million, a PE ratio of 8.65 and a beta of 0.52. SandRidge Energy has a 12 month low of $8.81 and a 12 month high of $15.78. The company’s 50-day moving average price is $14.44 and its two-hundred day moving average price is $12.47.

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

Hedge Funds Weigh In On SandRidge Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of SD. Azarias Capital Management L.P. grew its holdings in SandRidge Energy by 384.2% during the 2nd quarter. Azarias Capital Management L.P. now owns 346,070 shares of the oil and natural gas company’s stock worth $3,744,000 after acquiring an additional 274,594 shares during the period. Creative Planning boosted its position in shares of SandRidge Energy by 347.7% in the 2nd quarter. Creative Planning now owns 238,639 shares of the oil and natural gas company’s stock worth $2,582,000 after purchasing an additional 185,334 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of SandRidge Energy by 6,285.2% during the third quarter. Lazard Asset Management LLC now owns 130,130 shares of the oil and natural gas company’s stock worth $1,468,000 after purchasing an additional 128,092 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in SandRidge Energy by 69.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 268,517 shares of the oil and natural gas company’s stock valued at $2,905,000 after purchasing an additional 110,322 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in SandRidge Energy by 54.2% in the second quarter. Raymond James Financial Inc. now owns 255,313 shares of the oil and natural gas company’s stock valued at $2,762,000 after purchasing an additional 89,694 shares during the last quarter. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Company Profile

SandRidge Energy, Inc (NYSE: SD) is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge’s asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.

Founded in 2006 by industry veteran Tom L.