SandRidge Energy (NYSE:SD) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

SandRidge Energy (NYSE:SD) issued its quarterly earnings data on Wednesday. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03), FiscalAI reports. The company had revenue of $39.40 million during the quarter, compared to the consensus estimate of $43.70 million. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%.

SandRidge Energy Stock Performance

NYSE:SD traded down $0.62 during mid-day trading on Thursday, reaching $17.46. 84,023 shares of the company’s stock were exchanged, compared to its average volume of 312,761. SandRidge Energy has a one year low of $8.81 and a one year high of $18.45. The business’s fifty day simple moving average is $15.73 and its two-hundred day simple moving average is $13.69. The firm has a market capitalization of $642.00 million, a PE ratio of 9.81 and a beta of 0.55.

SandRidge Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, March 20th. SandRidge Energy’s dividend payout ratio (DPR) is currently 26.97%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SD shares. Wall Street Zen upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On SandRidge Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Icahn Carl C boosted its stake in shares of SandRidge Energy by 0.8% in the fourth quarter. Icahn Carl C now owns 4,911,564 shares of the oil and natural gas company’s stock valued at $70,874,000 after buying an additional 41,331 shares during the period. Vanguard Group Inc. increased its stake in SandRidge Energy by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,262,914 shares of the oil and natural gas company’s stock worth $25,526,000 after acquiring an additional 10,142 shares during the period. Dimensional Fund Advisors LP raised its holdings in SandRidge Energy by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,255,062 shares of the oil and natural gas company’s stock valued at $18,111,000 after acquiring an additional 10,621 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of SandRidge Energy by 22.3% during the 4th quarter. AQR Capital Management LLC now owns 476,801 shares of the oil and natural gas company’s stock valued at $6,880,000 after acquiring an additional 86,833 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of SandRidge Energy by 33.8% during the 3rd quarter. Raymond James Financial Inc. now owns 341,671 shares of the oil and natural gas company’s stock valued at $3,854,000 after acquiring an additional 86,358 shares during the period. 61.84% of the stock is currently owned by institutional investors and hedge funds.

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.