SandRidge Energy, Inc. (NYSE:SD) Short Interest Update

SandRidge Energy, Inc. (NYSE:SD - Get Free Report) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 554,900 shares, a decline of 16.3% from the November 15th total of 663,300 shares. Based on an average daily volume of 313,800 shares, the short-interest ratio is presently 1.8 days. Approximately 1.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On SandRidge Energy

Large investors have recently bought and sold shares of the business. Royce & Associates LP lifted its stake in shares of SandRidge Energy by 279.4% in the 3rd quarter. Royce & Associates LP now owns 621,244 shares of the oil and natural gas company's stock valued at $7,598,000 after purchasing an additional 457,500 shares during the last quarter. American Century Companies Inc. lifted its position in SandRidge Energy by 19.4% in the second quarter. American Century Companies Inc. now owns 763,356 shares of the oil and natural gas company's stock worth $9,870,000 after buying an additional 123,890 shares during the last quarter. Denali Advisors LLC boosted its stake in SandRidge Energy by 69.4% during the second quarter. Denali Advisors LLC now owns 292,800 shares of the oil and natural gas company's stock worth $3,786,000 after buying an additional 120,000 shares during the period. Renaissance Technologies LLC boosted its stake in SandRidge Energy by 5.5% during the second quarter. Renaissance Technologies LLC now owns 1,524,312 shares of the oil and natural gas company's stock worth $19,709,000 after buying an additional 79,400 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in SandRidge Energy by 62.6% during the third quarter. Assenagon Asset Management S.A. now owns 133,952 shares of the oil and natural gas company's stock valued at $1,638,000 after acquiring an additional 51,583 shares during the last quarter. Institutional investors own 61.84% of the company's stock.

SandRidge Energy Trading Down 0.4 %

SD traded down $0.04 during trading on Friday, hitting $11.28. 179,802 shares of the company traded hands, compared to its average volume of 345,936. The company has a market cap of $419.77 million, a PE ratio of 8.81 and a beta of 2.13. The stock's 50-day simple moving average is $11.62 and its two-hundred day simple moving average is $12.44. SandRidge Energy has a 1 year low of $10.77 and a 1 year high of $15.31.

SandRidge Energy (NYSE:SD - Get Free Report) last issued its earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.08). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The firm had revenue of $30.06 million during the quarter.

SandRidge Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Friday, November 15th. SandRidge Energy's dividend payout ratio (DPR) is presently 34.38%.

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.