SandRidge Energy (NYSE:SD) Shares Gap Up – Time to Buy?

SandRidge Energy, Inc. (NYSE:SD) gapped up before the market opened on Thursday . The stock had previously closed at $14.70, but opened at $15.10. SandRidge Energy shares last traded at $14.5450, with a volume of 51,775 shares.

Analyst Upgrades and Downgrades

SD has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Freedom Capital upgraded SandRidge Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings lowered SandRidge Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

SandRidge Energy Price Performance

The business’s 50-day simple moving average is $13.87 and its two-hundred day simple moving average is $14.94. The stock has a market capitalization of $547.67 million, a price-to-earnings ratio of 6.58 and a beta of 0.48.

SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, August 5th. The oil and natural gas company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). SandRidge Energy had a net margin of 46.06% and a return on equity of 13.62%. The business had revenue of $51.12 million during the quarter, compared to analysts’ expectations of $59.00 million.

SandRidge Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, August 19th. SandRidge Energy’s dividend payout ratio is currently 23.21%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its position in shares of SandRidge Energy by 1.8% in the first quarter. Empowered Funds LLC now owns 139,197 shares of the oil and natural gas company’s stock worth $1,590,000 after buying an additional 2,518 shares during the period. Franklin Resources Inc. grew its stake in shares of SandRidge Energy by 18.9% in the second quarter. Franklin Resources Inc. now owns 21,355 shares of the oil and natural gas company’s stock valued at $231,000 after buying an additional 3,396 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of SandRidge Energy by 15.8% during the 2nd quarter. Quantbot Technologies LP now owns 21,769 shares of the oil and natural gas company’s stock valued at $236,000 after buying an additional 2,977 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in SandRidge Energy by 69.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 268,517 shares of the oil and natural gas company’s stock worth $2,905,000 after acquiring an additional 110,322 shares in the last quarter. Finally, Invesco Ltd. lifted its position in SandRidge Energy by 1.5% during the 2nd quarter. Invesco Ltd. now owns 59,816 shares of the oil and natural gas company’s stock worth $647,000 after acquiring an additional 907 shares in the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Company Profile

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.