Sanctuary Advisors LLC Purchases 39,119 Shares of SandRidge Energy, Inc. $SD

Sanctuary Advisors LLC raised its position in shares of SandRidge Energy, Inc. (NYSE:SDFree Report) by 329.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,986 shares of the oil and natural gas company’s stock after buying an additional 39,119 shares during the quarter. Sanctuary Advisors LLC’s holdings in SandRidge Energy were worth $832,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. DGS Capital Management LLC purchased a new stake in shares of SandRidge Energy during the 1st quarter worth approximately $169,000. Y Intercept Hong Kong Ltd purchased a new position in shares of SandRidge Energy in the first quarter valued at $235,000. Strs Ohio bought a new stake in SandRidge Energy in the first quarter worth $57,000. Ruggaard & Associates LLC bought a new stake in SandRidge Energy in the fourth quarter worth $154,000. Finally, Invesco Ltd. raised its stake in SandRidge Energy by 14.5% during the fourth quarter. Invesco Ltd. now owns 93,128 shares of the oil and natural gas company’s stock valued at $1,344,000 after purchasing an additional 11,777 shares in the last quarter. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Price Performance

NYSE:SD opened at $13.80 on Monday. The firm has a market capitalization of $509.50 million, a price-to-earnings ratio of 6.73 and a beta of 0.54. The business has a 50 day simple moving average of $14.27 and a 200-day simple moving average of $15.31. SandRidge Energy, Inc. has a 1 year low of $9.89 and a 1 year high of $18.45.

SandRidge Energy (NYSE:SDGet Free Report) last released its earnings results on Wednesday, May 6th. The oil and natural gas company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.18. SandRidge Energy had a return on equity of 12.31% and a net margin of 46.37%.The firm had revenue of $49.78 million for the quarter, compared to the consensus estimate of $45.00 million.

SandRidge Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This is a positive change from SandRidge Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 3.8%. SandRidge Energy’s payout ratio is presently 25.37%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Weiss Ratings downgraded shares of SandRidge Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Finally, Freedom Capital upgraded shares of SandRidge Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Stock Report on SD

SandRidge Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for SandRidge Energy (NYSE:SD)

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