Raymond James & Associates Has $1.65 Million Holdings in SandRidge Energy, Inc. (NYSE:SD)

Raymond James & Associates grew its position in SandRidge Energy, Inc. (NYSE:SD) by 99.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,594 shares of the oil and natural gas company’s stock after purchasing an additional 60,065 shares during the period. Raymond James & Associates owned about 0.33% of SandRidge Energy worth $1,649,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. First Capital Advisors Group LLC. acquired a new position in SandRidge Energy in the 2nd quarter worth about $30,000. ORG Partners LLC acquired a new position in shares of SandRidge Energy during the 3rd quarter valued at about $50,000. NewEdge Advisors LLC acquired a new position in shares of SandRidge Energy during the 1st quarter valued at about $50,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of SandRidge Energy during the 2nd quarter valued at about $59,000. Finally, Point72 Middle East FZE acquired a new position in shares of SandRidge Energy during the 4th quarter valued at about $94,000. 61.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered SandRidge Energy from a “b” rating to a “c+” rating in a report on Wednesday, March 6th.

SandRidge Energy Stock Performance

Shares of NYSE SD opened at $14.32 on Friday. The firm has a market cap of $531.27 million, a price-to-earnings ratio of 8.73 and a beta of 2.13. The business’s 50-day simple moving average is $13.78 and its 200-day simple moving average is $14.20. SandRidge Energy, Inc. has a 52 week low of $11.51 and a 52 week high of $17.80.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, March 6th. The oil and natural gas company reported $0.35 EPS for the quarter. SandRidge Energy had a return on equity of 14.50% and a net margin of 40.94%. The business had revenue of $33.93 million for the quarter.

SandRidge Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.44 annualized dividend and a yield of 3.07%. SandRidge Energy’s payout ratio is 12.20%.

SandRidge Energy Profile

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.