SandRidge Energy (SD) Sets New 52-Week Low at $10.31

SandRidge Energy Inc. (NYSE:SD) shares hit a new 52-week low on Thursday . The company traded as low as $10.31 and last traded at $10.50, with a volume of 10782 shares changing hands. The stock had previously closed at $10.65.

Separately, ValuEngine downgraded SandRidge Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th.

The company has a market cap of $377.04 million, a price-to-earnings ratio of 13.48 and a beta of 0.54.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, August 8th. The oil and natural gas company reported ($0.05) earnings per share for the quarter. SandRidge Energy had a negative net margin of 30.00% and a positive return on equity of 3.30%. The company had revenue of $79.46 million during the quarter.

Several hedge funds have recently modified their holdings of SD. Cannell Capital LLC raised its stake in shares of SandRidge Energy by 55.9% in the 2nd quarter. Cannell Capital LLC now owns 957,427 shares of the oil and natural gas company’s stock valued at $16,985,000 after acquiring an additional 343,216 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in SandRidge Energy in the 2nd quarter valued at approximately $3,360,000. Citadel Advisors LLC grew its holdings in SandRidge Energy by 505.5% in the 2nd quarter. Citadel Advisors LLC now owns 176,611 shares of the oil and natural gas company’s stock valued at $3,133,000 after buying an additional 147,444 shares during the last quarter. Dalton Greiner Hartman Maher & Co. grew its holdings in SandRidge Energy by 65.4% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 259,886 shares of the oil and natural gas company’s stock valued at $4,610,000 after buying an additional 102,765 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in SandRidge Energy by 388.2% in the 1st quarter. JPMorgan Chase & Co. now owns 98,284 shares of the oil and natural gas company’s stock valued at $1,426,000 after buying an additional 78,154 shares during the last quarter. 16.28% of the stock is currently owned by institutional investors and hedge funds.

About SandRidge Energy (NYSE:SD)

SandRidge Energy, Inc engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and North Park Basin of the United States. As of December 31, 2017, it had 2,096.8 net producing wells; approximately 643,000 net acres under lease; and two rigs drilling in the Mid-Continent and two rigs drilling in the North Park Basin, as well as total estimated proved reserves of 177.6 million barrels of oil equivalent.

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