SandRidge Energy (NYSE:SD) Stock Passes Above 200-Day Moving Average – What’s Next?

SandRidge Energy, Inc. (NYSE:SD) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.15 and traded as high as $12.39. SandRidge Energy shares last traded at $12.25, with a volume of 375,255 shares changing hands.

SandRidge Energy Price Performance

The company has a market cap of $455.91 million, a P/E ratio of 9.57 and a beta of 2.10. The firm’s 50-day moving average is $11.61 and its two-hundred day moving average is $12.15.

SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.08). The business had revenue of $30.06 million for the quarter. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Friday, November 15th. SandRidge Energy’s dividend payout ratio is currently 34.38%.

Hedge Funds Weigh In On SandRidge Energy

A number of large investors have recently bought and sold shares of SD. Royce & Associates LP boosted its holdings in shares of SandRidge Energy by 279.4% in the 3rd quarter. Royce & Associates LP now owns 621,244 shares of the oil and natural gas company’s stock valued at $7,598,000 after buying an additional 457,500 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of SandRidge Energy by 62.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 133,952 shares of the oil and natural gas company’s stock worth $1,638,000 after purchasing an additional 51,583 shares in the last quarter. Quest Partners LLC purchased a new position in SandRidge Energy during the 3rd quarter worth $522,000. Barclays PLC increased its position in SandRidge Energy by 87.3% during the 3rd quarter. Barclays PLC now owns 86,752 shares of the oil and natural gas company’s stock valued at $1,062,000 after buying an additional 40,427 shares in the last quarter. Finally, Private Client Services LLC raised its stake in SandRidge Energy by 63.8% in the fourth quarter. Private Client Services LLC now owns 100,456 shares of the oil and natural gas company’s stock valued at $1,176,000 after buying an additional 39,109 shares during the last quarter. 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.