Insider Selling: SandRidge Energy, Inc. (SD) CFO Sells 2,373 Shares of Stock
SandRidge Energy, Inc. (NYSE:SD) CFO Julian Mark Bott sold 2,373 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $21.00, for a total value of $49,833.00. Following the completion of the transaction, the chief financial officer now directly owns 157,641 shares of the company’s stock, valued at approximately $3,310,461. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of SandRidge Energy, Inc. (NYSE SD) traded up $0.38 during trading on Friday, reaching $21.28. The company had a trading volume of 313,100 shares, compared to its average volume of 409,750. SandRidge Energy, Inc. has a 52 week low of $14.65 and a 52 week high of $22.90. The company has a market capitalization of $758.97 and a price-to-earnings ratio of -1.36. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.12.
SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. SandRidge Energy had a positive return on equity of 9.09% and a negative net margin of 73.96%. The company had revenue of $80.89 million during the quarter, compared to analyst estimates of $77.60 million. sell-side analysts predict that SandRidge Energy, Inc. will post 1.45 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in SandRidge Energy by 26.9% during the second quarter. Vanguard Group Inc. now owns 1,323,094 shares of the oil and natural gas company’s stock valued at $22,770,000 after buying an additional 280,634 shares during the last quarter. State Street Corp boosted its stake in SandRidge Energy by 4,926.1% during the second quarter. State Street Corp now owns 763,964 shares of the oil and natural gas company’s stock valued at $13,147,000 after buying an additional 748,764 shares during the last quarter. Northern Trust Corp boosted its stake in SandRidge Energy by 844.8% during the second quarter. Northern Trust Corp now owns 372,897 shares of the oil and natural gas company’s stock valued at $6,417,000 after buying an additional 333,428 shares during the last quarter. Schneider Capital Management Corp boosted its stake in SandRidge Energy by 263.9% during the second quarter. Schneider Capital Management Corp now owns 300,634 shares of the oil and natural gas company’s stock valued at $5,174,000 after buying an additional 218,026 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in SandRidge Energy by 1.5% during the second quarter. Goldman Sachs Group Inc. now owns 253,285 shares of the oil and natural gas company’s stock valued at $4,359,000 after buying an additional 3,741 shares during the last quarter. 85.28% of the stock is owned by institutional investors.
A number of equities analysts have recently weighed in on SD shares. ValuEngine raised SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised SandRidge Energy from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, October 26th.
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About SandRidge Energy
SandRidge Energy, Inc is an oil and natural gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through two segments: exploration and production, which is engaged in the exploration and production of oil and natural gas properties and includes its proportionate share of the activities of the SandRidge Mississippian Trust I, SandRidge Mississippian Trust II and SandRidge Permian Trust (the Royalty Trusts), and midstream services, which coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent.
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