SandRidge Energy, Inc. (NYSE:SD – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.61 and traded as high as $13.84. SandRidge Energy shares last traded at $13.41, with a volume of 223,594 shares changing hands.
SandRidge Energy Stock Performance
The firm has a market cap of $494.81 million, a price-to-earnings ratio of 10.25 and a beta of 2.15. The business’s 50 day moving average price is $13.27 and its 200-day moving average price is $13.61.
SandRidge Energy (NYSE:SD – Get Free Report) last issued its earnings results on Tuesday, May 7th. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $30.28 million for the quarter. SandRidge Energy had a net margin of 35.52% and a return on equity of 11.41%.
SandRidge Energy Announces Dividend
Institutional Investors Weigh In On SandRidge Energy
Several institutional investors and hedge funds have recently bought and sold shares of SD. Price T Rowe Associates Inc. MD increased its stake in shares of SandRidge Energy by 3.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,882 shares of the oil and natural gas company’s stock valued at $582,000 after purchasing an additional 1,172 shares during the period. Copeland Capital Management LLC acquired a new stake in shares of SandRidge Energy in the fourth quarter valued at approximately $27,000. Klein Pavlis & Peasley Financial Inc. increased its stake in shares of SandRidge Energy by 4.5% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 89,852 shares of the oil and natural gas company’s stock valued at $1,162,000 after purchasing an additional 3,884 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of SandRidge Energy by 114.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,113 shares of the oil and natural gas company’s stock valued at $111,000 after purchasing an additional 4,325 shares during the period. Finally, Strs Ohio increased its stake in shares of SandRidge Energy by 18.9% in the fourth quarter. Strs Ohio now owns 42,700 shares of the oil and natural gas company’s stock valued at $583,000 after purchasing an additional 6,800 shares during the period. Institutional investors and hedge funds own 61.84% of the company’s stock.
SandRidge Energy Company Profile
SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.
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