Vanguard Group Inc. Boosts Position in SandRidge Energy, Inc. (SD)
Vanguard Group Inc. boosted its holdings in SandRidge Energy, Inc. (NYSE:SD) by 26.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,323,094 shares of the oil and natural gas company’s stock after buying an additional 280,634 shares during the period. Vanguard Group Inc. owned approximately 3.70% of SandRidge Energy worth $22,770,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA purchased a new position in SandRidge Energy in the second quarter valued at approximately $119,000. Legal & General Group Plc purchased a new position in SandRidge Energy in the second quarter valued at approximately $152,000. California Public Employees Retirement System acquired a new stake in SandRidge Energy in the first quarter valued at approximately $209,000. UBS Asset Management Americas Inc. grew 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 acquiring an additional 3,200 shares in the last quarter. Finally, Ingalls & Snyder LLC grew 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 acquiring an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 74.88% of the company’s stock.
Several brokerages have issued reports on SD. Zacks Investment Research raised shares of SandRidge Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine downgraded shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 8th.
Shares of SandRidge Energy, Inc. (NYSE SD) opened at $19.39 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.12 and a quick ratio of 1.12. SandRidge Energy, Inc. has a 1 year low of $15.03 and a 1 year high of $25.00. The stock has a market cap of $692.98 and a P/E ratio of 8.76.
SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.13. SandRidge Energy had a negative net margin of 73.96% and a positive return on equity of 9.09%. The company had revenue of $80.89 million during the quarter, compared to the consensus estimate of $77.60 million. equities research analysts forecast that SandRidge Energy, Inc. will post 1.11 EPS for the current fiscal year.
SandRidge Energy 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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