SandRidge Energy, Inc. (NYSE:SD – Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.13 per share by the oil and natural gas company on Monday, November 30th. This represents a $0.52 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, November 19th.
SandRidge Energy has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SandRidge Energy to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 34.7%.
SandRidge Energy Stock Down 5.8%
SD stock opened at $12.61 on Thursday. SandRidge Energy has a twelve month low of $11.96 and a twelve month high of $18.45. The stock’s 50 day moving average is $14.12 and its 200-day moving average is $14.92. The firm has a market capitalization of $467.43 million, a PE ratio of 5.63 and a beta of 0.74.
SandRidge Energy (NYSE:SD – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The oil and natural gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.13. The business had revenue of $54.42 million during the quarter, compared to the consensus estimate of $49.00 million. SandRidge Energy had a return on equity of 13.62% and a net margin of 46.06%. On average, equities research analysts anticipate that SandRidge Energy will post 2.13 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. Zacks Research raised shares of SandRidge Energy to a “hold” rating in a report on Monday, October 5th. Weiss Ratings upgraded shares of SandRidge Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen downgraded shares of SandRidge Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
Get Our Latest Research Report on SandRidge Energy
About SandRidge Energy
SandRidge Energy, Inc is an independent oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on acquiring, developing and operating oil and gas properties in the Mid-Continent region of the United States.
SandRidge’s operations have historically centered on the Mississippian Lime formation, which extends across northern Oklahoma and southern Kansas. Its production portfolio includes crude oil, natural gas and natural gas liquids, supported by operated drilling, production and field-development activities.
Founded in 2006 by Tom Ward, SandRidge Energy became a publicly traded company and later completed a financial restructuring under Chapter 11 bankruptcy protection in 2016.
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