ValuEngine Upgrades SandRidge Energy, Inc. (SD) to Buy
SandRidge Energy, Inc. (NYSE:SD) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of SandRidge Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Seaport Global Securities cut SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research note on Wednesday, June 21st.
Shares of SandRidge Energy (SD) opened at 20.25 on Monday. SandRidge Energy has a one year low of $15.03 and a one year high of $26.85. The company has a market cap of $692.17 million and a price-to-earnings ratio of 2.02. The firm has a 50-day moving average of $18.53 and a 200 day moving average of $18.53.
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A number of hedge funds have recently bought and sold shares of the stock. Federated Investors Inc. PA lifted its position in SandRidge Energy by 16.0% during the second quarter. Federated Investors Inc. PA now owns 582,650 shares of the oil and natural gas company’s stock worth $10,027,000 after purchasing an additional 80,495 shares during the period. Q Global Advisors LLC bought a new position in SandRidge Energy in the 1st quarter valued at about $8,163,000. Kirr Marbach & Co. LLC IN increased its holdings in SandRidge Energy by 56.9% in the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 16,955 shares of the oil and natural gas company’s stock valued at $292,000 after buying an additional 6,150 shares during the period. Goldman Sachs Group Inc. bought a new position in SandRidge Energy in the 1st quarter valued at about $4,614,000. Finally, Highbridge Capital Management LLC bought a new position in SandRidge Energy in the 1st quarter valued at about $2,151,000. 73.82% of the stock is owned by institutional investors and hedge funds.
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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