SandRidge Energy (NYSE:SD) Issues Earnings Results

SandRidge Energy (NYSE:SD) 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 firm had revenue of $38.97 million during the quarter, compared to analysts’ expectations of $50.27 million. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Stock Performance

Shares of SD stock opened at $11.27 on Tuesday. SandRidge Energy has a one year low of $10.31 and a one year high of $15.31. The company’s 50-day simple moving average is $12.01 and its 200-day simple moving average is $11.87. The stock has a market capitalization of $419.40 million, a price-to-earnings ratio of 8.80 and a beta of 2.03.

SandRidge Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.90%. SandRidge Energy’s payout ratio is currently 34.38%.

About SandRidge Energy

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.