Chou Associates Management Inc. Has $2,706,000 Position in SandRidge Energy, Inc. (SD)
Chou Associates Management Inc. held its stake in shares of SandRidge Energy, Inc. (NYSE:SD) during the second quarter, according to its most recent filing with the SEC. The firm owned 156,623 shares of the oil and natural gas company’s stock at the close of the second quarter. SandRidge Energy accounts for about 0.8% of Chou Associates Management Inc.’s portfolio, making the stock its 20th largest holding. Chou Associates Management Inc. owned 0.46% of SandRidge Energy worth $2,706,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in SandRidge Energy by 26.9% during the second quarter. Vanguard Group Inc. now owns 1,323,094 shares of the oil and natural gas company’s stock worth $22,770,000 after purchasing an additional 280,634 shares during the last quarter. Nomura Holdings Inc. acquired a new position in SandRidge Energy during the first quarter worth $20,738,000. York Capital Management Global Advisors LLC acquired a new position in SandRidge Energy during the first quarter worth $18,305,000. State Street Corp boosted its holdings in SandRidge Energy by 4,926.1% during the second quarter. State Street Corp now owns 763,964 shares of the oil and natural gas company’s stock worth $13,147,000 after purchasing an additional 748,764 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in SandRidge Energy by 16.0% during the second quarter. Federated Investors Inc. PA now owns 582,650 shares of the oil and natural gas company’s stock worth $10,027,000 after purchasing an additional 80,495 shares during the last quarter. Institutional investors and hedge funds own 73.82% of the company’s stock.
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Shares of SandRidge Energy, Inc. (NYSE SD) traded down 1.24% during mid-day trading on Friday, reaching $19.87. 164,752 shares of the company’s stock were exchanged. The company has a market cap of $679.18 million and a PE ratio of 1.99. The company’s 50-day moving average price is $18.74 and its 200 day moving average price is $18.57. SandRidge Energy, Inc. has a 52-week low of $15.03 and a 52-week high of $26.85.
Several research analysts recently commented on the stock. ValuEngine upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research cut shares of SandRidge Energy from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Finally, Seaport Global Securities cut shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Wednesday, June 21st.
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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