SandRidge Energy (NYSE:SD) Shares Gap Up to $13.06

SandRidge Energy, Inc. (NYSE:SD – Get Rating) gapped up before the market opened on Thursday . The stock had previously closed at $13.06, but opened at $13.39. SandRidge Energy shares last traded at $13.99, with a volume of 97,848 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of SandRidge Energy in a research note on Thursday. They set a “buy” rating on the stock.

SandRidge Energy Stock Up 1.8 %

The firm has a market cap of $510.65 million, a price-to-earnings ratio of 2.96 and a beta of 2.35. The stock’s 50 day moving average is $15.45 and its 200 day moving average is $17.39.

Institutional Trading of SandRidge Energy

Large investors have recently added to or reduced their stakes in the business. Founders Capital Management boosted its holdings in SandRidge Energy by 50.0% during the third quarter. Founders Capital Management now owns 3,000 shares of the oil and natural gas company’s stock worth $49,000 after buying an additional 1,000 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in SandRidge Energy during the second quarter worth approximately $52,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in SandRidge Energy during the second quarter worth approximately $59,000. Lazard Asset Management LLC boosted its holdings in SandRidge Energy by 28.7% during the second quarter. Lazard Asset Management LLC now owns 4,872 shares of the oil and natural gas company’s stock worth $76,000 after buying an additional 1,087 shares in the last quarter. Finally, UBS Group AG boosted its holdings in SandRidge Energy by 5,147.7% during the third quarter. UBS Group AG now owns 5,615 shares of the oil and natural gas company’s stock worth $92,000 after buying an additional 5,508 shares in the last quarter. 17.42% of the stock is currently owned by institutional investors.

About SandRidge Energy

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SandRidge Energy, Inc engages in the exploration, development, and production of oil and natural gas. It operates in the United States Mid-Continent, and North Park Basin of Colorado. The company was founded by Noah Malone Mitchell III in 1984 and is headquartered in Oklahoma, OK.