SandRidge Energy (NYSE:SD) Stock Rating Lowered by Wall Street Zen

SandRidge Energy (NYSE:SDGet Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Read Our Latest Research Report on SD

SandRidge Energy Stock Performance

Shares of SandRidge Energy stock opened at $17.40 on Friday. The stock has a market capitalization of $639.80 million, a P/E ratio of 9.16 and a beta of 0.55. SandRidge Energy has a 52-week low of $8.81 and a 52-week high of $18.45. The stock’s 50-day simple moving average is $15.86 and its 200 day simple moving average is $13.76.

SandRidge Energy (NYSE:SDGet Free Report) last issued its earnings results on Wednesday, March 4th. The oil and natural gas company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The business had revenue of $39.40 million for the quarter, compared to the consensus estimate of $43.70 million. SandRidge Energy had a return on equity of 11.43% and a net margin of 44.90%.

Institutional Investors Weigh In On SandRidge Energy

Several hedge funds and other institutional investors have recently modified their holdings of SD. PNC Financial Services Group Inc. lifted its holdings in shares of SandRidge Energy by 2,011.6% in the second quarter. PNC Financial Services Group Inc. now owns 3,632 shares of the oil and natural gas company’s stock worth $39,000 after buying an additional 3,460 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in SandRidge Energy by 92.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock valued at $42,000 after acquiring an additional 1,854 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in SandRidge Energy by 391.0% during the 4th quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company’s stock worth $94,000 after acquiring an additional 5,259 shares during the period. NewEdge Advisors LLC increased its holdings in SandRidge Energy by 11.1% during the 3rd quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock worth $113,000 after acquiring an additional 1,000 shares during the period. Finally, Independent Advisor Alliance purchased a new stake in SandRidge Energy in the 3rd quarter worth approximately $114,000. 61.84% of the stock is currently owned by institutional investors.

Key Headlines Impacting SandRidge Energy

Here are the key news stories impacting SandRidge Energy this week:

SandRidge Energy Company Profile

(Get 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.

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