SandRidge Energy, Inc. (NYSE:SD) Sees Large Drop in Short Interest

SandRidge Energy, Inc. (NYSE:SD) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 554,900 shares, a decrease of 16.3% from the November 15th total of 663,300 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average trading volume of 313,800 shares, the days-to-cover ratio is currently 1.8 days.

SandRidge Energy Stock Performance

Shares of SandRidge Energy stock opened at $11.28 on Friday. SandRidge Energy has a 52-week low of $10.77 and a 52-week high of $15.31. The company has a fifty day moving average of $11.62 and a 200-day moving average of $12.43. The stock has a market capitalization of $419.77 million, a price-to-earnings ratio of 8.81 and a beta of 2.13.

SandRidge Energy (NYSE:SD) last released its earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The company had revenue of $30.06 million during the quarter.

SandRidge Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, November 15th. SandRidge Energy’s payout ratio is 34.38%.

Institutional Trading of SandRidge Energy

Several large investors have recently modified their holdings of SD. Sanctuary Advisors LLC raised its holdings in shares of SandRidge Energy by 9.5% during the third quarter. Sanctuary Advisors LLC now owns 39,895 shares of the oil and natural gas company’s stock valued at $483,000 after acquiring an additional 3,451 shares in the last quarter. Barclays PLC raised its holdings in SandRidge Energy by 87.3% in the 3rd quarter. Barclays PLC now owns 86,752 shares of the oil and natural gas company’s stock worth $1,062,000 after purchasing an additional 40,427 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of SandRidge Energy by 1.5% in 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 during the period. Quantinno Capital Management LP bought a new stake in shares of SandRidge Energy during the 3rd quarter valued at about $186,000. Finally, Lavaca Capital LLC purchased a new position in shares of SandRidge Energy during the third quarter valued at about $306,000. 61.84% of the stock is owned by 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.