Mizuho lowered shares of SandRidge Energy (NYSE:SD) from a buy rating to a neutral rating in a report issued on Tuesday morning. Mizuho currently has $25.00 price objective on the oil and natural gas company’s stock.

Other equities analysts also recently issued reports about the company. ValuEngine upgraded SandRidge Energy from a hold rating to a buy rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded SandRidge Energy from a hold rating to a buy rating and set a $21.00 price target for the company in a research note on Thursday, October 26th.

SandRidge Energy (NYSE SD) traded down $0.93 during trading hours on Tuesday, reaching $20.23. The company had a trading volume of 444,900 shares, compared to its average volume of 398,240. The firm has a market capitalization of $754.69 and a P/E ratio of -1.32. SandRidge Energy has a fifty-two week low of $14.65 and a fifty-two week high of $22.44. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.04.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.13. The business had revenue of $80.89 million during the quarter, compared to the consensus estimate of $77.60 million. SandRidge Energy had a positive return on equity of 9.09% and a negative net margin of 73.96%. analysts expect that SandRidge Energy will post 1.45 earnings per share for the current fiscal year.

In other SandRidge Energy news, CFO Julian Mark Bott sold 2,373 shares of SandRidge Energy stock in a transaction that occurred on Wednesday, January 10th. The stock was 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 directly owns 157,641 shares in the company, valued at $3,310,461. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Philip T. Warman sold 13,351 shares of SandRidge Energy stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $21.21, for a total value of $283,174.71. Following the completion of the transaction, the senior vice president now owns 50,267 shares of the company’s stock, valued at $1,066,163.07. The disclosure for this sale can be found here. Insiders sold 138,527 shares of company stock valued at $2,917,714 over the last quarter. Insiders own 3.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of SD. Schwab Charles Investment Management Inc. boosted its stake in SandRidge Energy by 144.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 99,024 shares of the oil and natural gas company’s stock valued at $1,705,000 after acquiring an additional 58,556 shares during the period. First Trust Advisors LP acquired a new position in SandRidge Energy in the second quarter valued at approximately $371,000. Rhumbline Advisers acquired a new position in SandRidge Energy in the second quarter valued at approximately $735,000. Bank of New York Mellon Corp boosted its stake in SandRidge Energy by 853.5% in the second quarter. Bank of New York Mellon Corp now owns 164,369 shares of the oil and natural gas company’s stock valued at $2,828,000 after acquiring an additional 147,131 shares during the period. Finally, Legal & General Group Plc acquired a new position in SandRidge Energy in the second quarter valued at approximately $152,000. Institutional investors own 10.12% of the company’s stock.

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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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