SandRidge Energy, Inc. (NYSE:SD) Short Interest Update

SandRidge Energy, Inc. (NYSE:SD) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 901,300 shares, a growth of 29.6% from the February 28th total of 695,300 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily volume of 306,700 shares, the days-to-cover ratio is presently 2.9 days.

SandRidge Energy Price Performance

NYSE:SD traded up $0.02 during mid-day trading on Tuesday, reaching $11.44. The company’s stock had a trading volume of 241,992 shares, compared to its average volume of 292,725. The stock has a market cap of $424.98 million, a P/E ratio of 8.94 and a beta of 2.03. The company’s fifty day simple moving average is $11.76 and its two-hundred day simple moving average is $11.73. SandRidge Energy has a twelve month low of $10.31 and a twelve month high of $15.31.

SandRidge Energy (NYSE:SD) last released its earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $50.27 million.

SandRidge Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.85%. SandRidge Energy’s payout ratio is 25.88%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SD. Barclays PLC increased its stake in SandRidge Energy by 87.3% during the third quarter. Barclays PLC now owns 86,752 shares of the oil and natural gas company’s stock worth $1,062,000 after acquiring an additional 40,427 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of SandRidge Energy by 3.0% during the 4th quarter. SG Americas Securities LLC now owns 59,526 shares of the oil and natural gas company’s stock worth $697,000 after purchasing an additional 1,738 shares during the period. Geode Capital Management LLC increased its position in SandRidge Energy by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 742,169 shares of the oil and natural gas company’s stock worth $9,079,000 after purchasing an additional 11,300 shares in the last quarter. Royce & Associates LP raised its holdings in SandRidge Energy by 76.2% in the fourth quarter. Royce & Associates LP now owns 1,094,786 shares of the oil and natural gas company’s stock valued at $12,820,000 after buying an additional 473,542 shares during the period. Finally, Empowered Funds LLC lifted its position in SandRidge Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 136,679 shares of the oil and natural gas company’s stock valued at $1,601,000 after buying an additional 6,664 shares in the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

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.