SandRidge Energy (NYSE:SD) Stock Price Down 4.9% – Time to Sell?

SandRidge Energy, Inc. (NYSE:SD)’s stock price dropped 4.9% on Monday . The stock traded as low as $15.93 and last traded at $15.9940. Approximately 284,264 shares traded hands during trading, a decline of 23% from the average daily volume of 368,294 shares. The stock had previously closed at $16.81.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SD shares. Wall Street Zen downgraded shares of SandRidge Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Freedom Capital downgraded shares of SandRidge Energy from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings raised shares of SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SandRidge Energy presently has a consensus rating of “Hold”.

SandRidge Energy Trading Down 0.5%

The stock has a market cap of $615.25 million, a PE ratio of 8.79 and a beta of 0.55. The business has a 50-day moving average price of $16.47 and a 200-day moving average price of $14.23.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, March 4th. 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). 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 analyst estimates of $43.70 million.

SandRidge Energy Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, March 20th. SandRidge Energy’s payout ratio is presently 25.26%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in SandRidge Energy by 2,011.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company’s stock worth $39,000 after purchasing an additional 3,460 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of SandRidge Energy by 92.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 1,854 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of SandRidge Energy by 391.0% in the fourth quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company’s stock worth $94,000 after buying an additional 5,259 shares in the last quarter. NewEdge Advisors LLC boosted its position in SandRidge Energy by 11.1% during 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 last quarter. Finally, Independent Advisor Alliance purchased a new stake in SandRidge Energy during the 3rd quarter valued at about $114,000. 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.