SandRidge Energy (NYSE:SD) Sets New 52-Week High – What’s Next?

SandRidge Energy, Inc. (NYSE:SD) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $17.07 and last traded at $17.00, with a volume of 340442 shares changing hands. The stock had previously closed at $16.81.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday, December 29th. Wall Street Zen upgraded SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

SandRidge Energy Trading Down 3.2%

The company has a market cap of $604.97 million, a P/E ratio of 9.24 and a beta of 0.58. The company has a 50 day moving average price of $14.93 and a 200-day moving average price of $13.00.

Institutional Investors Weigh In On SandRidge Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in shares of SandRidge Energy by 347.7% during the second quarter. Creative Planning now owns 238,639 shares of the oil and natural gas company’s stock valued at $2,582,000 after purchasing an additional 185,334 shares in the last quarter. Azarias Capital Management L.P. lifted its holdings in shares of SandRidge Energy by 39.2% during the third quarter. Azarias Capital Management L.P. now owns 481,704 shares of the oil and natural gas company’s stock worth $5,434,000 after purchasing an additional 135,634 shares during the period. Lazard Asset Management LLC lifted its holdings in SandRidge Energy by 6,285.2% during the 3rd quarter. Lazard Asset Management LLC now owns 130,130 shares of the oil and natural gas company’s stock worth $1,468,000 after buying an additional 128,092 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of SandRidge Energy by 69.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 268,517 shares of the oil and natural gas company’s stock valued at $2,905,000 after buying an additional 110,322 shares during the period. Finally, LSV Asset Management boosted its holdings in SandRidge Energy by 126.9% in the fourth quarter. LSV Asset Management now owns 182,868 shares of the oil and natural gas company’s stock valued at $2,639,000 after acquiring an additional 102,268 shares during the last quarter. 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.