SandRidge Energy (SD) Trading 6.2% Higher

SandRidge Energy Inc. (NYSE:SD) shares traded up 6.2% during mid-day trading on Tuesday . The stock traded as high as $8.99 and last traded at $8.94. 732,315 shares traded hands during mid-day trading, an increase of 125% from the average session volume of 325,109 shares. The stock had previously closed at $8.42.

Separately, ValuEngine raised shares of SandRidge Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 26th.

The company has a market cap of $328.32 million, a PE ratio of 20.54 and a beta of 1.53.

SandRidge Energy (NYSE:SD) last issued its earnings results on Monday, March 4th. The oil and natural gas company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.31). The business had revenue of $85.15 million during the quarter. SandRidge Energy had a net margin of 7.91% and a return on equity of 1.73%.

In other news, Director Randolph C. Read purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were acquired at an average cost of $7.48 per share, for a total transaction of $112,200.00. Following the transaction, the director now directly owns 23,762 shares of the company’s stock, valued at approximately $177,739.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.60% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of SandRidge Energy by 1,244.0% in the 4th quarter. Bank of Montreal Can now owns 3,817 shares of the oil and natural gas company’s stock valued at $29,000 after acquiring an additional 3,533 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of SandRidge Energy by 169.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,306 shares of the oil and natural gas company’s stock valued at $59,000 after acquiring an additional 4,599 shares during the period. Metropolitan Life Insurance Co. NY raised its position in shares of SandRidge Energy by 219.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,967 shares of the oil and natural gas company’s stock valued at $76,000 after acquiring an additional 6,851 shares during the period. Raymond James Trust N.A. acquired a new stake in shares of SandRidge Energy in the 1st quarter valued at approximately $80,000. Finally, Jane Street Group LLC acquired a new stake in shares of SandRidge Energy in the 4th quarter valued at approximately $82,000. Institutional investors and hedge funds own 9.83% of the company’s stock.

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SandRidge Energy Company Profile (NYSE:SD)

SandRidge Energy, Inc engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and North Park Basin of the United States. As of December 31, 2018, it had 1,095.8 net producing wells; approximately 571,000 net acres under lease; and 2 rigs drilling in the Mid-Continent and 1 rig drilling in the North Park Basin, as well as total estimated proved reserves of 160.2 million barrels of oil equivalent.

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