SandRidge Energy (NYSE:SD) Sets New 1-Year High on Analyst Upgrade

SandRidge Energy, Inc. (NYSE:SD) shares reached a new 52-week high during mid-day trading on Friday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The company traded as high as $15.71 and last traded at $15.6150, with a volume of 33919 shares trading hands. The stock had previously closed at $15.18.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, SandRidge Energy presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On SandRidge Energy

Large investors have recently bought and sold shares of the business. Icahn Carl C grew its holdings in shares of SandRidge Energy by 1.1% during the third quarter. Icahn Carl C now owns 4,870,233 shares of the oil and natural gas company’s stock worth $54,936,000 after purchasing an additional 51,401 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of SandRidge Energy by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,262,914 shares of the oil and natural gas company’s stock valued at $25,526,000 after buying an additional 10,142 shares during the last quarter. Royce & Associates LP lifted its position in SandRidge Energy by 2.6% during the 3rd quarter. Royce & Associates LP now owns 1,275,040 shares of the oil and natural gas company’s stock worth $14,382,000 after buying an additional 31,789 shares in the last quarter. First Wilshire Securities Management Inc. lifted its position in SandRidge Energy by 7.3% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 1,238,581 shares of the oil and natural gas company’s stock worth $13,401,000 after buying an additional 83,959 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in SandRidge Energy by 7.0% during the 2nd quarter. American Century Companies Inc. now owns 1,107,341 shares of the oil and natural gas company’s stock worth $11,981,000 after acquiring an additional 72,537 shares during the last quarter. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Trading Up 1.4%

The stock has a market cap of $566.14 million, a P/E ratio of 8.65 and a beta of 0.52. The business’s fifty day simple moving average is $14.44 and its 200 day simple moving average is $12.48.

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

SandRidge Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. SandRidge Energy’s dividend payout ratio (DPR) is 26.97%.

About SandRidge Energy

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.