SandRidge Energy (NYSE:SD) Shares Cross Above Two Hundred Day Moving Average of $14.18

SandRidge Energy, Inc. (NYSE:SD)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

Separately, TheStreet lowered SandRidge Energy from a “b” rating to a “c+” rating in a research report on Wednesday, March 6th.

SandRidge Energy Stock Performance

The stock has a market cap of $540.10 million, a price-to-earnings ratio of 8.87 and a beta of 2.15. The company has a 50-day simple moving average of $14.03 and a two-hundred day simple moving average of $14.17.

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

SandRidge Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Thursday, March 14th. SandRidge Energy’s dividend payout ratio (DPR) is 26.83%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SD. Copeland Capital Management LLC acquired a new position in shares of SandRidge Energy during the 4th quarter worth approximately $27,000. ORG Partners LLC bought a new position in shares of SandRidge Energy during the 3rd quarter worth approximately $50,000. Quantbot Technologies LP bought a new position in shares of SandRidge Energy during the 3rd quarter worth approximately $103,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of SandRidge Energy by 114.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,113 shares of the oil and natural gas company’s stock worth $111,000 after acquiring an additional 4,325 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of SandRidge Energy during the 3rd quarter worth approximately $193,000. 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.