SandRidge Energy, Inc. (SD) To Go Ex-Dividend on March 20th

SandRidge Energy, Inc. (NYSE:SD) declared a quarterly dividend on Tuesday, March 3rd. Stockholders of record on Friday, March 20th will be given a dividend of 0.12 per share by the oil and natural gas company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, March 20th.

SandRidge Energy has a payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings.

SandRidge Energy Stock Up 2.2%

SD opened at $16.84 on Wednesday. The firm has a market cap of $620.24 million, a P/E ratio of 8.86 and a beta of 0.55. SandRidge Energy has a 52 week low of $8.81 and a 52 week high of $18.45. The business’s fifty day simple moving average is $16.20 and its 200 day simple moving average is $14.05.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, March 4th. The oil and natural gas company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). SandRidge Energy had a return on equity of 11.24% and a net margin of 44.90%.The company had revenue of $39.40 million for the quarter, compared to analysts’ expectations of $43.70 million.

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.