SandRidge Energy (NYSE:SD) Upgraded at Freedom Capital

SandRidge Energy (NYSE:SD) was upgraded by research analysts at Freedom Capital from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on SD. Weiss Ratings upgraded SandRidge Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Wall Street Zen cut SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Sunday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, SandRidge Energy currently has an average rating of “Moderate Buy”.

SandRidge Energy Trading Down 2.1%

Shares of NYSE SD opened at $15.53 on Tuesday. SandRidge Energy has a twelve month low of $9.52 and a twelve month high of $18.45. The stock has a 50 day moving average of $15.68 and a two-hundred day moving average of $15.27. The stock has a market cap of $573.52 million, a P/E ratio of 7.58 and a beta of 0.56.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, May 6th. The oil and natural gas company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.41 by $0.18. SandRidge Energy had a return on equity of 12.31% and a net margin of 46.37%.The business had revenue of $49.78 million during the quarter, compared to analysts’ expectations of $45.00 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Alps Advisors Inc. acquired a new position in SandRidge Energy during the third quarter worth $450,000. Royce & Associates LP grew its holdings in SandRidge Energy by 2.6% during the third quarter. Royce & Associates LP now owns 1,275,040 shares of the oil and natural gas company’s stock worth $14,382,000 after acquiring an additional 31,789 shares during the period. Denali Advisors LLC grew its holdings in SandRidge Energy by 21.2% in the fourth quarter. Denali Advisors LLC now owns 405,993 shares of the oil and natural gas company’s stock valued at $5,858,000 after purchasing an additional 71,093 shares during the last quarter. Icahn Carl C grew its holdings in SandRidge Energy by 1.1% in the third quarter. Icahn Carl C now owns 4,870,233 shares of the oil and natural gas company’s stock valued at $54,936,000 after purchasing an additional 51,401 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in SandRidge Energy by 67.9% in the fourth quarter. SG Americas Securities LLC now owns 22,926 shares of the oil and natural gas company’s stock valued at $331,000 after purchasing an additional 9,274 shares during the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

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.