SandRidge Energy (NYSE:SD) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of SandRidge Energy (NYSE:SD) from a sell rating to a hold rating in a research note published on Wednesday, ValuEngine reports.

Shares of SandRidge Energy stock traded up $0.13 during midday trading on Wednesday, hitting $4.52. The company had a trading volume of 196,179 shares, compared to its average volume of 292,296. The business’s 50 day simple moving average is $5.00 and its two-hundred day simple moving average is $6.74. The stock has a market cap of $155.47 million, a PE ratio of 21.24 and a beta of 1.67. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.57 and a quick ratio of 0.57. SandRidge Energy has a 1-year low of $4.27 and a 1-year high of $11.74.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings data on Wednesday, August 7th. The oil and natural gas company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.41). The company had revenue of $75.39 million during the quarter. SandRidge Energy had a return on equity of 0.85% and a net margin of 14.28%.

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in SandRidge Energy by 50.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,584 shares of the oil and natural gas company’s stock worth $8,596,000 after buying an additional 377,729 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in SandRidge Energy by 169.9% during the first quarter. BNP Paribas Arbitrage SA now owns 7,306 shares of the oil and natural gas company’s stock worth $59,000 after buying an additional 4,599 shares in the last quarter. Marshall Wace LLP boosted its stake in SandRidge Energy by 185.3% during the first quarter. Marshall Wace LLP now owns 215,036 shares of the oil and natural gas company’s stock worth $1,725,000 after buying an additional 139,671 shares in the last quarter. Strs Ohio boosted its stake in SandRidge Energy by 40.9% during the second quarter. Strs Ohio now owns 92,600 shares of the oil and natural gas company’s stock worth $640,000 after buying an additional 26,900 shares in the last quarter. Finally, PenderFund Capital Management Ltd. acquired a new stake in SandRidge Energy during the second quarter worth $7,162,000. Institutional investors and hedge funds own 61.04% of the company’s stock.

SandRidge Energy Company Profile

SandRidge Energy, Inc engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and North Park Basin of the United States. As of December 31, 2018, it had 1,095.8 net producing wells; approximately 571,000 net acres under lease; and 2 rigs drilling in the Mid-Continent and 1 rig drilling in the North Park Basin, as well as total estimated proved reserves of 160.2 million barrels of oil equivalent.

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