SandRidge Energy (NYSE:SD) Sets New 12-Month High – Should You Buy?

SandRidge Energy, Inc. (NYSE:SD)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $14.62 and last traded at $14.2630, with a volume of 583903 shares traded. The stock had previously closed at $14.43.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a research note on Tuesday, November 11th. Wall Street Zen cut SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Sunday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, SandRidge Energy presently has a consensus rating of “Hold”.

SandRidge Energy Trading Down 1.2%

The business’s fifty day moving average is $11.93 and its 200 day moving average is $11.16. The company has a market cap of $524.51 million, a P/E ratio of 6.99 and a beta of 0.91.

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

SandRidge Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.4%. SandRidge Energy’s dividend payout ratio is presently 26.97%.

Institutional Investors Weigh In On SandRidge Energy

Several institutional investors have recently added to or reduced their stakes in the business. Nuveen LLC purchased a new position in shares of SandRidge Energy in the first quarter worth about $2,932,000. Signaturefd LLC lifted its stake in shares of SandRidge Energy by 229.3% during the 2nd quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock valued at $33,000 after buying an additional 2,128 shares in the last quarter. Azarias Capital Management L.P. boosted its holdings in SandRidge Energy by 384.2% in the 2nd quarter. Azarias Capital Management L.P. now owns 346,070 shares of the oil and natural gas company’s stock worth $3,744,000 after buying an additional 274,594 shares during the period. Deutsche Bank AG grew its stake in SandRidge Energy by 29.7% in the 1st quarter. Deutsche Bank AG now owns 18,259 shares of the oil and natural gas company’s stock valued at $209,000 after buying an additional 4,179 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in SandRidge Energy by 8.0% during 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 acquiring an additional 76,231 shares during the period. 61.84% of the stock is owned by hedge funds and other institutional investors.

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.