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

SandRidge Energy, Inc. (NYSE:SD) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 592,800 shares, a drop of 18.2% from the December 31st total of 724,400 shares. Based on an average daily trading volume, of 310,900 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.9% of the shares of the company are sold short.

SandRidge Energy Price Performance

Shares of SD stock traded up $0.05 during mid-day trading on Monday, hitting $11.90. The company had a trading volume of 276,365 shares, compared to its average volume of 249,794. SandRidge Energy has a 52-week low of $10.31 and a 52-week high of $15.31. The stock’s 50 day moving average price is $11.66 and its 200-day moving average price is $12.08. The company has a market capitalization of $442.66 million, a P/E ratio of 9.29 and a beta of 2.10.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data 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 firm had revenue of $30.06 million for the quarter.

SandRidge Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, November 15th. SandRidge Energy’s dividend payout ratio is currently 34.38%.

Institutional Trading of SandRidge Energy

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of SandRidge Energy by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,256,320 shares of the oil and natural gas company’s stock valued at $16,244,000 after buying an additional 4,881 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of SandRidge Energy by 1.5% during the third quarter. Geode Capital Management LLC now owns 742,169 shares of the oil and natural gas company’s stock valued at $9,079,000 after buying an additional 11,300 shares during the last quarter. Royce & Associates LP lifted its position in shares of SandRidge Energy by 279.4% during the third quarter. Royce & Associates LP now owns 621,244 shares of the oil and natural gas company’s stock valued at $7,598,000 after buying an additional 457,500 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of SandRidge Energy by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 263,004 shares of the oil and natural gas company’s stock valued at $3,217,000 after buying an additional 9,471 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of 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 acquiring 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.