SandRidge Energy (NYSE:SD - Get Free Report) posted its quarterly earnings data on Monday. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.14), Zacks reports. 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 Trading Up 1.0 %
SD traded up $0.11 during mid-day trading on Friday, hitting $11.33. 188,468 shares of the stock were exchanged, compared to its average volume of 282,779. The company has a market cap of $421.60 million, a PE ratio of 8.84 and a beta of 2.03. The firm's fifty day moving average is $12.00 and its two-hundred day moving average is $11.85. SandRidge Energy has a 1-year low of $10.31 and a 1-year high of $15.31.
SandRidge Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a $0.11 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.44 annualized dividend and a dividend yield of 3.88%. SandRidge Energy's dividend payout ratio is presently 34.38%.
About SandRidge Energy
(
Get Free Report)
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.
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