SandRidge Energy, Inc. (NYSE:SD) Short Interest Update

SandRidge Energy, Inc. (NYSE:SD) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 1,281,979 shares, a decline of 21.5% from the February 26th total of 1,632,372 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average trading volume of 462,886 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Trading of SandRidge Energy

A number of institutional investors have recently made changes to their positions in the stock. Azarias Capital Management L.P. grew its stake in shares of SandRidge Energy by 39.2% in the third quarter. Azarias Capital Management L.P. now owns 481,704 shares of the oil and natural gas company’s stock worth $5,434,000 after purchasing an additional 135,634 shares during the last quarter. Lazard Asset Management LLC increased 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 valued at $1,468,000 after purchasing an additional 128,092 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in SandRidge Energy by 69.7% during 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 buying an additional 110,322 shares during the last quarter. LSV Asset Management raised its holdings in SandRidge Energy by 126.9% in the fourth quarter. LSV Asset Management now owns 182,868 shares of the oil and natural gas company’s stock worth $2,639,000 after buying an additional 102,268 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in SandRidge Energy by 54.2% in the 2nd 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 acquiring an additional 89,694 shares in the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Price Performance

Shares of NYSE:SD opened at $17.13 on Friday. The company has a market capitalization of $631.05 million, a PE ratio of 9.02 and a beta of 0.55. The business has a fifty day moving average price of $16.61 and a two-hundred day moving average price of $14.32. SandRidge Energy has a 1 year low of $8.81 and a 1 year high of $18.45.

SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, March 4th. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The business had revenue of $39.40 million for the quarter, compared to the consensus estimate of $43.70 million. SandRidge Energy had a return on equity of 11.24% and a net margin of 44.90%.

SandRidge Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, March 20th. SandRidge Energy’s dividend payout ratio (DPR) is currently 25.26%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings raised shares of SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Finally, Freedom Capital lowered shares of SandRidge Energy from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, SandRidge Energy has a consensus rating of “Hold”.

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.