Royce & Associates LP Acquires 31,789 Shares of SandRidge Energy, Inc. $SD

Royce & Associates LP increased its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,275,040 shares of the oil and natural gas company’s stock after acquiring an additional 31,789 shares during the period. Royce & Associates LP’s holdings in SandRidge Energy were worth $14,382,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SD. PNC Financial Services Group Inc. raised its position in SandRidge Energy by 2,011.6% in the second quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company’s stock worth $39,000 after purchasing an additional 3,460 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of SandRidge Energy by 92.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock valued at $42,000 after purchasing an additional 1,854 shares during the period. CWM LLC grew its stake in shares of SandRidge Energy by 2,109.1% in the 2nd quarter. CWM LLC now owns 4,860 shares of the oil and natural gas company’s stock valued at $53,000 after purchasing an additional 4,640 shares during the period. Independent Advisor Alliance acquired a new position in shares of SandRidge Energy in the 3rd quarter worth approximately $114,000. Finally, GSA Capital Partners LLP lifted its position in shares of SandRidge Energy by 15.3% during the 3rd quarter. GSA Capital Partners LLP now owns 13,113 shares of the oil and natural gas company’s stock worth $148,000 after buying an additional 1,738 shares during the period. Institutional investors own 61.84% of the company’s stock.

Wall Street Analyst Weigh In

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

SandRidge Energy Stock Performance

Shares of SD stock opened at $17.62 on Tuesday. SandRidge Energy, Inc. has a 52 week low of $8.81 and a 52 week high of $18.45. The stock has a market capitalization of $647.96 million, a PE ratio of 9.90 and a beta of 0.55. The stock’s fifty day moving average is $15.59 and its 200-day moving average is $13.61.

SandRidge Energy 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.