SandRidge Energy, Inc. (NYSE:SD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “SandRidge Energy, Inc. is an oil and natural gas company. It engaged in the development and production activities of oil and gas. The company’s operating segment consists of Exploration and Production, Drilling and Oil Field Services and Midstream Gas Services. Exploration and Production segment is engaged in the acquisition, development and production of oil and natural gas properties. Drilling and Oil Field Services segment is engaged in the contract drilling of oil and natural gas wells. Midstream Gas Services segment is engaged in the purchasing, gathering, treating and selling of natural gas. SandRidge Energy, Inc. is headquartered in Oklahoma City, OK. “

Other equities analysts have also recently issued research reports about the stock. Mizuho began coverage on shares of SandRidge Energy in a research note on Tuesday, April 25th. They set a “buy” rating and a $25.00 target price on the stock. Seaport Global Securities cut shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research note on Wednesday, June 21st.

SandRidge Energy (NYSE SD) opened at 17.65 on Tuesday. The company has a 50-day moving average of $18.50 and a 200-day moving average of $18.61. SandRidge Energy has a 52 week low of $15.03 and a 52 week high of $26.85. The stock has a market capitalization of $603.29 million and a price-to-earnings ratio of 1.76.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Ingalls & Snyder LLC boosted its position in SandRidge Energy by 4.1% in the second quarter. Ingalls & Snyder LLC now owns 15,612 shares of the oil and natural gas company’s stock valued at $269,000 after buying an additional 612 shares during the last quarter. Bank of New York Mellon Corp boosted its position in SandRidge Energy by 17.7% in the first quarter. Bank of New York Mellon Corp now owns 17,238 shares of the oil and natural gas company’s stock valued at $319,000 after buying an additional 2,588 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in SandRidge Energy by 28.0% in the second quarter. UBS Asset Management Americas Inc. now owns 14,645 shares of the oil and natural gas company’s stock valued at $252,000 after buying an additional 3,200 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in SandRidge Energy by 1.5% in the second quarter. Goldman Sachs Group Inc. now owns 253,285 shares of the oil and natural gas company’s stock valued at $4,359,000 after buying an additional 3,741 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in SandRidge Energy by 6.0% in the first quarter. HighTower Advisors LLC now owns 70,338 shares of the oil and natural gas company’s stock valued at $1,284,000 after buying an additional 4,000 shares during the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

SandRidge Energy Company Profile

SandRidge Energy, Inc is an oil and natural gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through two segments: exploration and production, which is engaged in the exploration and production of oil and natural gas properties and includes its proportionate share of the activities of the SandRidge Mississippian Trust I, SandRidge Mississippian Trust II and SandRidge Permian Trust (the Royalty Trusts), and midstream services, which coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent.

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