Short Interest in SandRidge Energy, Inc. (NYSE:SD) Grows By 29.6%

SandRidge Energy, Inc. (NYSE:SD - Get Free Report) was the recipient of a significant increase in short interest during 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. Based on an average trading volume of 306,700 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.8% of the company's shares are short sold.

Hedge Funds Weigh In On SandRidge Energy

Several institutional investors have recently modified their holdings of the business. Quarry LP bought a new stake in SandRidge Energy during the 4th quarter worth approximately $41,000. Point72 Asset Management L.P. bought a new stake in shares of SandRidge Energy during the fourth quarter worth $86,000. NewEdge Advisors LLC increased its position in shares of SandRidge Energy by 100.0% during the fourth quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company's stock worth $105,000 after acquiring an additional 4,500 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of SandRidge Energy by 2,650.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,138 shares of the oil and natural gas company's stock worth $130,000 after acquiring an additional 10,733 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in SandRidge Energy in the 4th quarter valued at $132,000. Institutional investors own 61.84% of the company's stock.

SandRidge Energy Price Performance

Shares of SandRidge Energy stock traded down $0.78 on Thursday, hitting $10.61. 422,730 shares of the company's stock traded hands, compared to its average volume of 287,014. The firm's 50-day moving average price is $11.74 and its two-hundred day moving average price is $11.73. The stock has a market capitalization of $393.92 million, a PE ratio of 8.29 and a beta of 2.03. SandRidge Energy has a one year low of $10.31 and a one year high of $15.31.

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

SandRidge Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a $0.11 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.44 annualized dividend and a dividend yield of 4.15%. SandRidge Energy's dividend payout ratio (DPR) is currently 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.