SandRidge Energy (NYSE:SD) Stock Crosses Above 200 Day Moving Average of $14.18

SandRidge Energy, Inc. (NYSE:SD)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.18 and traded as high as $14.62. SandRidge Energy shares last traded at $14.55, with a volume of 161,634 shares.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of SandRidge Energy from a “b” rating to a “c+” rating in a research note on Wednesday, March 6th.

SandRidge Energy Stock Down 0.5 %

The company has a market capitalization of $539.63 million, a price-to-earnings ratio of 8.87 and a beta of 2.15. The business’s 50-day moving average is $14.03 and its 200-day moving average is $14.18.

SandRidge Energy (NYSE:SD) last released its earnings results on Wednesday, March 6th. The oil and natural gas company reported $0.35 EPS for the quarter. The business had revenue of $33.93 million during the quarter. SandRidge Energy had a net margin of 40.94% and a return on equity of 14.50%.

SandRidge Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.03%. SandRidge Energy’s dividend payout ratio is currently 26.83%.

Institutional Trading of SandRidge Energy

Several large investors have recently bought and sold shares of the business. Denali Advisors LLC grew its stake in SandRidge Energy by 87.2% during the 1st quarter. Denali Advisors LLC now owns 172,800 shares of the oil and natural gas company’s stock valued at $2,518,000 after acquiring an additional 80,500 shares in the last quarter. CoreCommodity Management LLC grew its stake in SandRidge Energy by 154.7% during the 4th quarter. CoreCommodity Management LLC now owns 61,575 shares of the oil and natural gas company’s stock valued at $842,000 after acquiring an additional 37,398 shares in the last quarter. Quest Partners LLC purchased a new stake in SandRidge Energy during the 4th quarter valued at about $205,000. Dynamic Technology Lab Private Ltd purchased a new stake in SandRidge Energy during the 4th quarter valued at about $320,000. Finally, BNP Paribas Financial Markets grew its stake in SandRidge Energy by 137.0% during the 4th quarter. BNP Paribas Financial Markets now owns 45,350 shares of the oil and natural gas company’s stock valued at $620,000 after acquiring an additional 26,211 shares in the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

About SandRidge Energy

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.