Azarias Capital Management L.P. Boosts Stock Position in SandRidge Energy, Inc. $SD

Azarias Capital Management L.P. increased its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 384.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,070 shares of the oil and natural gas company’s stock after purchasing an additional 274,594 shares during the quarter. SandRidge Energy makes up approximately 1.7% of Azarias Capital Management L.P.’s holdings, making the stock its 22nd largest holding. Azarias Capital Management L.P.’s holdings in SandRidge Energy were worth $3,744,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SD. Nuveen LLC purchased a new stake in SandRidge Energy during the 1st quarter worth about $2,932,000. Royce & Associates LP grew its holdings in SandRidge Energy by 8.6% in the 1st quarter. Royce & Associates LP now owns 1,188,526 shares of the oil and natural gas company’s stock valued at $13,573,000 after buying an additional 93,740 shares during the period. American Century Companies Inc. grew its holdings in SandRidge Energy by 8.0% in the 1st quarter. American Century Companies Inc. now owns 1,034,804 shares of the oil and natural gas company’s stock valued at $11,817,000 after buying an additional 76,231 shares during the period. AlphaQuest LLC grew its holdings in SandRidge Energy by 167.4% in the 1st quarter. AlphaQuest LLC now owns 74,655 shares of the oil and natural gas company’s stock valued at $853,000 after buying an additional 46,734 shares during the period. Finally, Caxton Associates LLP purchased a new stake in SandRidge Energy in the 1st quarter valued at about $390,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of SandRidge Energy in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Insider Buying and Selling at SandRidge Energy

In other news, Director Vincent J. Intrieri acquired 25,000 shares of SandRidge Energy stock in a transaction dated Monday, August 18th. The shares were acquired at an average cost of $10.96 per share, with a total value of $274,000.00. Following the purchase, the director directly owned 46,976 shares of the company’s stock, valued at approximately $514,856.96. This trade represents a 113.76% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by corporate insiders.

SandRidge Energy Price Performance

SD opened at $11.89 on Friday. The stock has a market capitalization of $436.96 million, a price-to-earnings ratio of 5.83 and a beta of 0.90. The business has a 50-day moving average of $11.25 and a two-hundred day moving average of $10.69. SandRidge Energy, Inc. has a 12 month low of $8.81 and a 12 month high of $13.19.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Wednesday, August 6th. The oil and natural gas company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $34.53 million for the quarter, compared to analyst estimates of $37.30 million. SandRidge Energy had a return on equity of 10.05% and a net margin of 51.77%.

SandRidge Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.48 annualized dividend and a dividend yield of 4.0%. This is an increase from SandRidge Energy’s previous quarterly dividend of $0.11. SandRidge Energy’s dividend payout ratio is presently 23.53%.

About SandRidge Energy

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.