SandRidge Energy (NYSE:SD) Upgraded by Freedom Capital to Hold Rating

Freedom Capital upgraded shares of SandRidge Energy (NYSE:SD) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings raised shares of SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

SandRidge Energy Trading Down 2.1%

Shares of SandRidge Energy stock opened at $15.53 on Tuesday. The company has a fifty day moving average price of $15.68 and a 200 day moving average price of $15.27. The stock has a market cap of $573.52 million, a price-to-earnings ratio of 7.58 and a beta of 0.56. SandRidge Energy has a twelve month low of $9.52 and a twelve month high of $18.45.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, May 6th. The oil and natural gas company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.18. The company had revenue of $49.78 million during the quarter, compared to analysts’ expectations of $45.00 million. SandRidge Energy had a net margin of 46.37% and a return on equity of 12.31%.

SandRidge Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This is a positive change from SandRidge Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 3.3%. SandRidge Energy’s dividend payout ratio is 23.41%.

Institutional Investors Weigh In On SandRidge Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake in SandRidge Energy by 92.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after acquiring an additional 1,854 shares during the period. Strs Ohio acquired a new stake in SandRidge Energy during the first quarter worth about $57,000. State of Wyoming acquired a new stake in SandRidge Energy during the first quarter worth about $71,000. State of Alaska Department of Revenue raised its stake in SandRidge Energy by 391.0% during the fourth quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company’s stock worth $94,000 after acquiring an additional 5,259 shares during the period. Finally, NewEdge Advisors LLC raised its stake in SandRidge Energy by 11.1% during the third quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock worth $113,000 after acquiring an additional 1,000 shares during the period. 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.