SandRidge Energy, Inc. (NYSE:SD) Sees Significant Decrease in Short Interest

SandRidge Energy, Inc. (NYSE:SD) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 2,059,934 shares, a decline of 21.7% from the December 15th total of 2,630,031 shares. Based on an average daily volume of 283,083 shares, the days-to-cover ratio is currently 7.3 days. Approximately 5.7% of the shares of the stock are sold short. Approximately 5.7% of the shares of the stock are sold short. Based on an average daily volume of 283,083 shares, the days-to-cover ratio is currently 7.3 days.

Institutional Trading of SandRidge Energy

A number of large investors have recently added to or reduced their stakes in SD. Signaturefd LLC raised its position in shares of SandRidge Energy by 229.3% during the 2nd quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock valued at $33,000 after buying an additional 2,128 shares in the last quarter. Azarias Capital Management L.P. grew its position in SandRidge Energy by 384.2% in the second quarter. Azarias Capital Management L.P. now owns 346,070 shares of the oil and natural gas company’s stock worth $3,744,000 after acquiring an additional 274,594 shares in the last quarter. American Century Companies Inc. increased its stake in SandRidge Energy by 7.0% during the second quarter. American Century Companies Inc. now owns 1,107,341 shares of the oil and natural gas company’s stock worth $11,981,000 after acquiring an additional 72,537 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in SandRidge Energy by 138.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,134 shares of the oil and natural gas company’s stock valued at $348,000 after purchasing an additional 18,631 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of SandRidge Energy in the 2nd quarter valued at approximately $140,000. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Trading Up 0.3%

Shares of NYSE:SD traded up $0.05 during midday trading on Monday, reaching $14.66. 265,421 shares of the company were exchanged, compared to its average volume of 242,784. The stock has a market cap of $538.86 million, a PE ratio of 8.23 and a beta of 0.52. The business’s fifty day moving average is $14.34 and its two-hundred day moving average is $12.37. SandRidge Energy has a one year low of $8.81 and a one year high of $15.56.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.32 by $0.10. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%. The business had revenue of $39.82 million for the quarter, compared to analysts’ expectations of $38.80 million.

SandRidge Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.3%. SandRidge Energy’s dividend payout ratio is presently 26.97%.

Analysts Set New Price Targets

SD has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday, December 29th. Wall Street Zen lowered SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, SandRidge Energy currently has an average rating of “Hold”.

About SandRidge Energy

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.