SandRidge Energy (NYSE:SD – Get Free Report) announced its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.18), Zacks reports. SandRidge Energy had a return on equity of 12.31% and a net margin of 46.37%.
SandRidge Energy Trading Down 2.4%
NYSE:SD traded down $0.32 during midday trading on Wednesday, hitting $13.23. 373,108 shares of the company traded hands, compared to its average volume of 269,533. The firm’s fifty day moving average is $14.00 and its 200-day moving average is $15.28. SandRidge Energy has a 12-month low of $10.10 and a 12-month high of $18.45. The firm has a market capitalization of $488.49 million, a P/E ratio of 6.45 and a beta of 0.55.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Rafferty Asset Management LLC raised its stake in shares of SandRidge Energy by 6.4% in the second quarter. Rafferty Asset Management LLC now owns 25,053 shares of the oil and natural gas company’s stock valued at $271,000 after acquiring an additional 1,505 shares during the period. Oxford Asset Management LLP purchased a new position in shares of SandRidge Energy during the 4th quarter worth about $240,000. Quantbot Technologies LP boosted its stake in shares of SandRidge Energy by 15.8% during the 2nd quarter. Quantbot Technologies LP now owns 21,769 shares of the oil and natural gas company’s stock worth $236,000 after purchasing an additional 2,977 shares during the period. NewEdge Advisors LLC grew its holdings in SandRidge Energy by 50.0% during the 4th quarter. NewEdge Advisors LLC now owns 15,000 shares of the oil and natural gas company’s stock valued at $216,000 after purchasing an additional 5,000 shares during the last quarter. Finally, LPL Financial LLC bought a new position in SandRidge Energy during the 4th quarter valued at about $211,000. Institutional investors own 61.84% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on SD
About SandRidge Energy
SandRidge Energy, Inc (NYSE: SD) is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge’s asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.
Founded in 2006 by industry veteran Tom L.
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