SandRidge Energy, Inc. (NYSE:SD) Short Interest Update

SandRidge Energy, Inc. (NYSE:SD) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 2,059,934 shares, a drop of 21.7% from the December 15th total of 2,630,031 shares. Based on an average daily trading volume, of 283,083 shares, the days-to-cover ratio is currently 7.3 days. Currently, 5.7% of the shares of the stock are short sold. Currently, 5.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 283,083 shares, the days-to-cover ratio is currently 7.3 days.

SandRidge Energy Price Performance

Shares of NYSE SD traded up $0.05 during midday trading on Friday, reaching $14.66. 265,421 shares of the stock traded hands, compared to its average volume of 261,028. The company’s 50 day moving average is $14.30 and its 200 day moving average is $12.34. SandRidge Energy has a one year low of $8.81 and a one year high of $15.56. The stock has a market capitalization of $538.92 million, a PE ratio of 8.23 and a beta of 0.52.

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

SandRidge Energy Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on SD. Wall Street Zen downgraded shares of SandRidge Energy from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, SandRidge Energy currently has an average rating of “Hold”.

Institutional Investors Weigh In On SandRidge Energy

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in SandRidge Energy by 229.3% during the second quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock valued at $33,000 after purchasing an additional 2,128 shares during the period. PNC Financial Services Group Inc. raised its holdings in SandRidge Energy by 2,011.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company’s stock valued at $39,000 after buying an additional 3,460 shares during the period. Tower Research Capital LLC TRC raised its holdings in SandRidge Energy by 92.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock valued at $42,000 after buying an additional 1,854 shares during the period. CWM LLC lifted its position in SandRidge Energy by 2,109.1% in the second quarter. CWM LLC now owns 4,860 shares of the oil and natural gas company’s stock worth $53,000 after buying an additional 4,640 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in SandRidge Energy by 344.3% during the second quarter. Parallel Advisors LLC now owns 8,366 shares of the oil and natural gas company’s stock worth $91,000 after buying an additional 6,483 shares during the period. 61.84% of the stock is owned by institutional investors.

About SandRidge Energy

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.