SandRidge Energy (NYSE:SD) Issues Earnings Results

SandRidge Energy (NYSE:SD) announced its quarterly earnings data on Wednesday. The oil and natural gas company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.18), Zacks reports. The company had revenue of $51.12 million during the quarter, compared to analyst estimates of $59.00 million. SandRidge Energy had a net margin of 46.37% and a return on equity of 12.31%.

SandRidge Energy Stock Performance

SandRidge Energy stock traded up $0.28 during midday trading on Thursday, reaching $13.47. 248,171 shares of the stock were exchanged, compared to its average volume of 358,705. The company’s fifty day moving average is $14.00 and its 200-day moving average is $15.28. SandRidge Energy has a 52 week low of $10.42 and a 52 week high of $18.45. The firm has a market cap of $497.47 million, a PE ratio of 6.56 and a beta of 0.55.

SandRidge Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.52 dividend on an annualized basis and a yield of 3.9%. SandRidge Energy’s dividend payout ratio is 25.37%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SD shares. Wall Street Zen lowered shares of SandRidge Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Freedom Capital raised shares of SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings downgraded SandRidge Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its stake in SandRidge Energy by 6,285.2% in the third quarter. Lazard Asset Management LLC now owns 130,130 shares of the oil and natural gas company’s stock worth $1,468,000 after purchasing an additional 128,092 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in SandRidge Energy by 69.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 268,517 shares of the oil and natural gas company’s stock valued at $2,905,000 after acquiring an additional 110,322 shares during the period. Raymond James Financial Inc. grew its position in shares of SandRidge Energy by 54.2% during the 2nd quarter. Raymond James Financial Inc. now owns 255,313 shares of the oil and natural gas company’s stock valued at $2,762,000 after acquiring an additional 89,694 shares during the period. AQR Capital Management LLC increased its stake in shares of SandRidge Energy by 22.3% in the fourth quarter. AQR Capital Management LLC now owns 476,801 shares of the oil and natural gas company’s stock worth $6,880,000 after purchasing an additional 86,833 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of SandRidge Energy by 35.1% during the fourth quarter. First Trust Advisors LP now owns 328,921 shares of the oil and natural gas company’s stock worth $4,746,000 after purchasing an additional 85,443 shares in the last quarter. 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.