SandRidge Energy (NYSE:SD) Issues Earnings Results

SandRidge Energy (NYSE:SD) issued its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.13, Zacks reports. SandRidge Energy had a return on equity of 14.98% and a net margin of 50.14%. The company had revenue of $54.42 million for the quarter, compared to analysts’ expectations of $49.00 million.

SandRidge Energy Price Performance

SandRidge Energy stock traded up $0.00 during midday trading on Friday, reaching $12.62. The stock had a trading volume of 201,850 shares, compared to its average volume of 354,815. The firm’s fifty day simple moving average is $14.09 and its two-hundred day simple moving average is $14.91. SandRidge Energy has a twelve month low of $12.45 and a twelve month high of $18.45. The firm has a market cap of $467.92 million, a price-to-earnings ratio of 4.80 and a beta of 0.74.

SandRidge Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 19th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, November 19th. SandRidge Energy’s dividend payout ratio is 19.77%.

Analyst Upgrades and Downgrades

SD has been the topic of a number of research analyst reports. Wall Street Zen lowered SandRidge Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research raised shares of SandRidge Energy to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings upgraded shares of SandRidge Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Three analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

About SandRidge Energy

SandRidge Energy, Inc is an independent oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on acquiring, developing and operating oil and gas properties in the Mid-Continent region of the United States.

SandRidge’s operations have historically centered on the Mississippian Lime formation, which extends across northern Oklahoma and southern Kansas. Its production portfolio includes crude oil, natural gas and natural gas liquids, supported by operated drilling, production and field-development activities.

Founded in 2006 by Tom Ward, SandRidge Energy became a publicly traded company and later completed a financial restructuring under Chapter 11 bankruptcy protection in 2016.