Squarepoint Ops LLC decreased its position in shares of SandRidge Energy, Inc. (NYSE:SD) by 10.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 94,320 shares of the oil and natural gas company’s stock after selling 10,428 shares during the quarter. Squarepoint Ops LLC’s holdings in SandRidge Energy were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of SD. Lonestar Capital Management LLC bought a new position in SandRidge Energy during the 3rd quarter worth $770,000. Jane Street Group LLC increased its position in SandRidge Energy by 789.0% during the 2nd quarter. Jane Street Group LLC now owns 242,303 shares of the oil and natural gas company’s stock worth $313,000 after buying an additional 215,048 shares during the period. Cannell Capital LLC increased its position in SandRidge Energy by 5.4% during the 3rd quarter. Cannell Capital LLC now owns 3,067,845 shares of the oil and natural gas company’s stock worth $5,062,000 after buying an additional 157,302 shares during the period. Bridgeway Capital Management Inc. grew its holdings in shares of SandRidge Energy by 72.1% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 322,300 shares of the oil and natural gas company’s stock worth $416,000 after purchasing an additional 135,000 shares in the last quarter. Finally, Diametric Capital LP acquired a new stake in shares of SandRidge Energy during the 3rd quarter worth $128,000. Hedge funds and other institutional investors own 47.09% of the company’s stock.
Separately, ValuEngine raised SandRidge Energy from a “strong sell” rating to a “sell” rating in a report on Monday, December 7th.
SandRidge Energy (NYSE:SD) last released its earnings results on Wednesday, November 4th. The oil and natural gas company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.56. The company had revenue of $27.68 million for the quarter. SandRidge Energy had a negative return on equity of 8.88% and a negative net margin of 376.24%.
SandRidge Energy 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, 2019, it had 1,013 net producing wells; and approximately 511,000 net acres under lease, as well as total estimated proved reserves of 89.9 million barrels of oil equivalent.
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