SandRidge Energy (NYSE:SD) Sets New 1-Year High – What’s Next?

SandRidge Energy, Inc. (NYSE:SD) reached a new 52-week high on Wednesday . The company traded as high as $17.50 and last traded at $17.47, with a volume of 32224 shares trading hands. The stock had previously closed at $17.00.

Wall Street Analysts Forecast Growth

SD has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday, December 29th. Wall Street Zen raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

SandRidge Energy Stock Performance

The stock has a market capitalization of $635.39 million, a P/E ratio of 9.71 and a beta of 0.58. The stock has a 50-day moving average price of $15.07 and a two-hundred day moving average price of $13.19.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Alps Advisors Inc. bought a new stake in shares of SandRidge Energy in the 3rd quarter worth $450,000. American Century Companies Inc. lifted its holdings in shares of SandRidge Energy by 7.0% during the second quarter. American Century Companies Inc. now owns 1,107,341 shares of the oil and natural gas company’s stock valued at $11,981,000 after purchasing an additional 72,537 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SandRidge Energy by 138.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,134 shares of the oil and natural gas company’s stock valued at $348,000 after buying an additional 18,631 shares during the last quarter. Azarias Capital Management L.P. boosted its position in shares of SandRidge Energy by 39.2% during the third quarter. Azarias Capital Management L.P. now owns 481,704 shares of the oil and natural gas company’s stock valued at $5,434,000 after buying an additional 135,634 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in SandRidge Energy in the 2nd quarter worth about $140,000. 61.84% of the stock is owned by hedge funds and other institutional investors.

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.