SandRidge Energy (NYSE:SD) Issues Earnings Results

SandRidge Energy (NYSE:SD) released its quarterly earnings results on Monday. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.14), Zacks reports. The firm had revenue of $38.97 million for the quarter, compared to analysts’ expectations of $50.27 million. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Stock Down 2.5 %

Shares of SD opened at $10.97 on Wednesday. The stock has a market capitalization of $408.24 million, a P/E ratio of 8.57 and a beta of 2.03. The firm has a fifty day simple moving average of $12.00 and a two-hundred day simple moving average of $11.85. SandRidge Energy has a twelve month low of $10.31 and a twelve month high of $15.31.

SandRidge Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, March 20th. SandRidge Energy’s dividend payout ratio is presently 34.38%.

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.