SandRidge Energy, Inc. (NYSE:SD) was the recipient of a significant decline in short interest in January. As of January 12th, there was short interest totalling 1,161,544 shares, a decline of 34.5% from the December 29th total of 1,773,430 shares. Based on an average daily volume of 393,113 shares, the short-interest ratio is presently 3.0 days. Approximately 3.9% of the company’s stock are short sold.

In related news, CFO Julian Mark Bott sold 2,373 shares of SandRidge Energy stock in a transaction that occurred on Wednesday, January 10th. The shares were 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 owns 157,641 shares in the company, valued at $3,310,461. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Carl C. Icahn purchased 1,257,242 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average price of $16.34 per share, with a total value of $20,543,334.28. The disclosure for this purchase can be found here. Insiders sold 138,527 shares of company stock valued at $2,917,714 in the last 90 days. Company insiders own 3.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of SD. State Street Corp lifted its stake in SandRidge Energy by 4,926.1% in the second quarter. State Street Corp now owns 763,964 shares of the oil and natural gas company’s stock worth $13,147,000 after acquiring an additional 748,764 shares during the last quarter. Northern Trust Corp lifted its stake in SandRidge Energy by 844.8% in the second quarter. Northern Trust Corp now owns 372,897 shares of the oil and natural gas company’s stock worth $6,417,000 after acquiring an additional 333,428 shares during the last quarter. Vanguard Group Inc. lifted its stake in SandRidge Energy by 26.9% in the second quarter. Vanguard Group Inc. now owns 1,323,094 shares of the oil and natural gas company’s stock worth $22,770,000 after acquiring an additional 280,634 shares during the last quarter. Schneider Capital Management Corp lifted its position in shares of SandRidge Energy by 263.9% during the 2nd quarter. Schneider Capital Management Corp now owns 300,634 shares of the oil and natural gas company’s stock worth $5,174,000 after buying an additional 218,026 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of SandRidge Energy by 258.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 246,695 shares of the oil and natural gas company’s stock worth $4,956,000 after buying an additional 177,798 shares during the last quarter. Institutional investors own 85.42% of the company’s stock.

SandRidge Energy (NYSE:SD) opened at $16.50 on Tuesday. SandRidge Energy has a 12 month low of $14.65 and a 12 month high of $21.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.04. The stock has a market cap of $620.59 and a P/E ratio of -1.08.

SD has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of SandRidge Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Mizuho downgraded shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Tuesday, January 16th.

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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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