SandRidge Energy, Inc. (NYSE:SD) Short Interest Up 29.6% in March

SandRidge Energy, Inc. (NYSE:SD - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 901,300 shares, an increase of 29.6% from the February 28th total of 695,300 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 306,700 shares, the short-interest ratio is presently 2.9 days.

Institutional Investors Weigh In On SandRidge Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of SandRidge Energy during the fourth quarter valued at about $41,000. Point72 Asset Management L.P. acquired a new position in SandRidge Energy during the 4th quarter valued at about $86,000. NewEdge Advisors LLC raised its stake in SandRidge Energy by 100.0% during the 4th quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company's stock valued at $105,000 after acquiring an additional 4,500 shares in the last quarter. Tower Research Capital LLC TRC grew its position in SandRidge Energy by 2,650.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,138 shares of the oil and natural gas company's stock valued at $130,000 after buying an additional 10,733 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in SandRidge Energy during the fourth quarter worth approximately $132,000. 61.84% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Stock Down 8.6 %

NYSE:SD traded down $0.91 during midday trading on Friday, reaching $9.66. The stock had a trading volume of 380,536 shares, compared to its average volume of 289,648. SandRidge Energy has a 12-month low of $9.50 and a 12-month high of $15.31. The stock has a market cap of $358.78 million, a P/E ratio of 7.54 and a beta of 1.66. The firm has a fifty day simple moving average of $11.71 and a two-hundred day simple moving average of $11.72.

SandRidge Energy (NYSE:SD - Get Free Report) last issued its earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.14). The company had revenue of $38.97 million for the quarter, compared to analysts' expectations of $50.27 million. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.44 annualized dividend and a yield of 4.56%. SandRidge Energy's dividend payout ratio (DPR) is presently 25.88%.

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.