SandRidge Energy, Inc. (NYSE:SD) to Issue Quarterly Dividend of $0.13

SandRidge Energy, Inc. (NYSE:SD) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.13 per share by the oil and natural gas company on Monday, November 30th. This represents a $0.52 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, November 19th.

SandRidge Energy has a dividend payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SandRidge Energy to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 34.7%.

SandRidge Energy Stock Performance

SandRidge Energy stock opened at $12.61 on Thursday. The firm’s 50 day moving average price is $14.12 and its two-hundred day moving average price is $14.92. The firm has a market cap of $467.43 million, a price-to-earnings ratio of 5.63 and a beta of 0.74. SandRidge Energy has a 1 year low of $11.96 and a 1 year high of $18.45.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, November 4th. The oil and natural gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.13. The company had revenue of $54.42 million during the quarter, compared to analyst estimates of $49.00 million. SandRidge Energy had a net margin of 46.06% and a return on equity of 13.62%. As a group, equities analysts predict that SandRidge Energy will post 2.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings upgraded SandRidge Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen lowered shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Zacks Research upgraded SandRidge Energy to a “hold” rating in a report on Monday, October 5th. Three analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About SandRidge Energy

SandRidge Energy, Inc is an independent oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on acquiring, developing and operating oil and gas properties in the Mid-Continent region of the United States.

SandRidge’s operations have historically centered on the Mississippian Lime formation, which extends across northern Oklahoma and southern Kansas. Its production portfolio includes crude oil, natural gas and natural gas liquids, supported by operated drilling, production and field-development activities.

Founded in 2006 by Tom Ward, SandRidge Energy became a publicly traded company and later completed a financial restructuring under Chapter 11 bankruptcy protection in 2016.