SandRidge Energy, Inc. (NYSE:SD - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.15 and traded as high as $12.39. SandRidge Energy shares last traded at $12.25, with a volume of 375,255 shares.
SandRidge Energy Price Performance
The business's 50 day simple moving average is $11.62 and its 200 day simple moving average is $12.15. The stock has a market cap of $457.76 million, a P/E ratio of 9.61 and a beta of 2.10.
SandRidge Energy (NYSE:SD - Get Free Report) last posted its earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 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 company had revenue of $30.06 million for the quarter.
SandRidge Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Friday, November 15th. SandRidge Energy's payout ratio is 34.38%.
Institutional Trading of SandRidge Energy
Several large investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of SandRidge Energy in the 2nd quarter worth approximately $25,000. Copeland Capital Management LLC bought a new position in SandRidge Energy in the 3rd quarter valued at $36,000. nVerses Capital LLC boosted its stake in SandRidge Energy by 57.9% in the third quarter. nVerses Capital LLC now owns 3,000 shares of the oil and natural gas company's stock worth $37,000 after purchasing an additional 1,100 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of SandRidge Energy by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company's stock worth $162,000 after purchasing an additional 756 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of SandRidge Energy in the third quarter valued at $186,000. 61.84% of the stock is owned by institutional investors.
SandRidge Energy Company Profile
(
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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