SandRidge Energy (NYSE:SD) Raised to Buy at Wall Street Zen

SandRidge Energy (NYSE:SD) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of SandRidge Energy in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

SandRidge Energy Stock Down 1.8%

Shares of SD stock opened at $12.58 on Friday. The firm has a 50 day moving average of $11.69 and a 200-day moving average of $10.97. The company has a market cap of $462.30 million, a price-to-earnings ratio of 6.17 and a beta of 0.91. SandRidge Energy has a 52 week low of $8.81 and a 52 week high of $13.43.

SandRidge Energy (NYSE:SD) last released its earnings results on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The company had revenue of $39.82 million for the quarter, compared to the consensus estimate of $38.80 million. SandRidge Energy had a net margin of 51.77% and a return on equity of 10.05%.

Insider Activity at SandRidge Energy

In other SandRidge Energy news, Director Vincent J. Intrieri bought 25,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average price of $10.96 per share, for a total transaction of $274,000.00. Following the acquisition, the director directly owned 46,976 shares of the company’s stock, valued at approximately $514,856.96. The trade was a 113.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SD. GSA Capital Partners LLP boosted its holdings in SandRidge Energy by 15.3% during the 3rd quarter. GSA Capital Partners LLP now owns 13,113 shares of the oil and natural gas company’s stock worth $148,000 after acquiring an additional 1,738 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of SandRidge Energy by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,262,914 shares of the oil and natural gas company’s stock worth $25,526,000 after purchasing an additional 10,142 shares during the period. JPMorgan Chase & Co. grew its holdings in SandRidge Energy by 42.4% during the third quarter. JPMorgan Chase & Co. now owns 93,568 shares of the oil and natural gas company’s stock valued at $1,055,000 after purchasing an additional 27,850 shares during the period. LSV Asset Management grew its holdings in SandRidge Energy by 22.5% during the third quarter. LSV Asset Management now owns 80,600 shares of the oil and natural gas company’s stock valued at $909,000 after purchasing an additional 14,800 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in SandRidge Energy in the third quarter worth $450,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Company 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.