Azarias Capital Management L.P. Has $5.09 Million Position in SandRidge Energy, Inc. $SD

Azarias Capital Management L.P. cut its holdings in SandRidge Energy, Inc. (NYSE:SD) by 23.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 312,396 shares of the oil and natural gas company’s stock after selling 98,178 shares during the period. SandRidge Energy comprises approximately 2.3% of Azarias Capital Management L.P.’s holdings, making the stock its 17th largest position. Azarias Capital Management L.P.’s holdings in SandRidge Energy were worth $5,095,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its position in shares of SandRidge Energy by 6,285.2% during the 3rd 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 grew 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 worth $2,905,000 after purchasing an additional 110,322 shares during the period. LSV Asset Management grew 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 purchasing an additional 102,268 shares during the period. Raymond James Financial Inc. increased its stake 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 in the last quarter. Finally, AQR Capital Management LLC increased its stake in SandRidge Energy by 22.3% in the fourth quarter. AQR Capital Management LLC now owns 476,801 shares of the oil and natural gas company’s stock valued at $6,880,000 after purchasing an additional 86,833 shares in the last quarter. 61.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SD has been the topic of a number of research analyst reports. Freedom Capital raised shares of SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Wall Street Zen raised SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Monday, May 25th. Finally, Weiss Ratings downgraded SandRidge Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

SandRidge Energy Stock Up 0.2%

Shares of SD opened at $14.04 on Monday. The business’s fifty day moving average is $14.98 and its 200 day moving average is $15.47. SandRidge Energy, Inc. has a 12-month low of $9.89 and a 12-month high of $18.45. The stock has a market cap of $518.43 million, a P/E ratio of 6.85 and a beta of 0.54.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, May 6th. The oil and natural gas company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.18. SandRidge Energy had a net margin of 46.37% and a return on equity of 12.31%. The business had revenue of $49.78 million during the quarter, compared to analyst estimates of $45.00 million.

SandRidge Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This is a boost from SandRidge Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 3.7%. SandRidge Energy’s payout ratio is presently 25.37%.

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.