SandRidge Energy (NYSE:SD) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

SandRidge Energy, Inc. (NYSE:SD) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.01 and traded as high as $14.40. SandRidge Energy shares last traded at $14.38, with a volume of 90,951 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

SandRidge Energy Price Performance

The firm has a market capitalization of $528.75 million, a P/E ratio of 8.08 and a beta of 0.54. The firm has a fifty day simple moving average of $13.52 and a two-hundred day simple moving average of $12.01.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, November 5th. The oil and natural gas company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.32 by $0.10. The company had revenue of $39.82 million during the quarter, compared to analysts’ expectations of $38.80 million. SandRidge Energy had a net margin of 42.42% and a return on equity of 11.58%.

SandRidge Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, November 14th. SandRidge Energy’s dividend payout ratio is presently 26.97%.

Institutional Trading of SandRidge Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in SandRidge Energy by 229.3% in the second quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock worth $33,000 after purchasing an additional 2,128 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of SandRidge Energy by 2,011.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company’s stock worth $39,000 after buying an additional 3,460 shares during the period. Tower Research Capital LLC TRC grew its position in shares of SandRidge Energy by 92.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after buying an additional 1,854 shares during the period. CWM LLC increased its stake in shares of SandRidge Energy by 2,109.1% in the 2nd quarter. CWM LLC now owns 4,860 shares of the oil and natural gas company’s stock worth $53,000 after acquiring an additional 4,640 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in SandRidge Energy by 344.3% in the second quarter. Parallel Advisors LLC now owns 8,366 shares of the oil and natural gas company’s stock worth $91,000 after purchasing an additional 6,483 shares during the period. Institutional investors 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.