SandRidge Energy, Inc. (NYSE:SD) Sees Large Drop in Short Interest

SandRidge Energy, Inc. (NYSE:SD) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 2,059,934 shares, a decline of 21.7% from the December 15th total of 2,630,031 shares. Based on an average trading volume of 283,083 shares, the short-interest ratio is presently 7.3 days. Approximately 5.7% of the shares of the stock are short sold. Approximately 5.7% of the shares of the stock are short sold. Based on an average trading volume of 283,083 shares, the short-interest ratio is presently 7.3 days.

SandRidge Energy Stock Up 0.3%

NYSE:SD traded up $0.05 during mid-day trading on Friday, hitting $14.66. 265,421 shares of the company traded hands, compared to its average volume of 261,028. The stock’s fifty day moving average price is $14.30 and its 200-day moving average price is $12.34. The firm has a market cap of $538.92 million, a price-to-earnings ratio of 8.23 and a beta of 0.52. SandRidge Energy has a one year low of $8.81 and a one year high of $15.56.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, November 5th. The oil and natural gas company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.32 by $0.10. The firm had revenue of $39.82 million for the quarter, compared to the consensus estimate of $38.80 million. SandRidge Energy had a return on equity of 11.58% and a net margin of 42.42%.

SandRidge Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, November 14th. SandRidge Energy’s dividend payout ratio is presently 26.97%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SD shares. Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday, December 29th. Wall Street Zen lowered SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SD. Invesco Ltd. increased its stake in SandRidge Energy by 1.5% in the 2nd quarter. Invesco Ltd. now owns 59,816 shares of the oil and natural gas company’s stock worth $647,000 after buying an additional 907 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of SandRidge Energy by 11.1% in the third quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock worth $113,000 after acquiring an additional 1,000 shares during the period. AlphaQuest LLC grew its position in shares of SandRidge Energy by 3.7% during the third quarter. AlphaQuest LLC now owns 38,802 shares of the oil and natural gas company’s stock worth $438,000 after purchasing an additional 1,396 shares in the last quarter. Rhumbline Advisers grew its position in shares of SandRidge Energy by 1.9% during the first quarter. Rhumbline Advisers now owns 77,536 shares of the oil and natural gas company’s stock worth $885,000 after purchasing an additional 1,421 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its stake in SandRidge Energy by 6.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 25,053 shares of the oil and natural gas company’s stock valued at $271,000 after purchasing an additional 1,505 shares during the period. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Company 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.