SandRidge Energy, Inc. $SD Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. trimmed its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 50.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,437 shares of the oil and natural gas company’s stock after selling 162,121 shares during the period. SandRidge Energy makes up about 2.0% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 20th biggest position. Azarias Capital Management L.P.’s holdings in SandRidge Energy were worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of SandRidge Energy in the second quarter valued at approximately $29,000. GAMMA Investing LLC lifted its holdings in SandRidge Energy by 37.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,627 shares of the oil and natural gas company’s stock worth $35,000 after buying an additional 713 shares in the last quarter. Strs Ohio acquired a new position in SandRidge Energy during the 1st quarter worth $57,000. State of Wyoming bought a new position in SandRidge Energy in the 1st quarter valued at $71,000. Finally, Copeland Capital Management LLC boosted its position in SandRidge Energy by 66.5% in the 3rd quarter. Copeland Capital Management LLC now owns 6,305 shares of the oil and natural gas company’s stock valued at $85,000 after buying an additional 2,518 shares during the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SD. Weiss Ratings raised SandRidge Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen lowered SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Zacks Research upgraded SandRidge Energy to a “hold” rating in a report on Monday, October 5th. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, SandRidge Energy has a consensus rating of “Hold”.

SandRidge Energy Price Performance

Shares of NYSE SD traded down $0.35 during mid-day trading on Wednesday, hitting $14.01. The company’s stock had a trading volume of 319,931 shares, compared to its average volume of 355,859. The stock has a market cap of $519.34 million, a price-to-earnings ratio of 6.25 and a beta of 0.71. SandRidge Energy, Inc. has a one year low of $11.20 and a one year high of $18.45. The company’s fifty day simple moving average is $14.09 and its 200-day simple moving average is $14.43.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Wednesday, August 5th. The oil and natural gas company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.18). The business had revenue of $51.12 million for the quarter, compared to analyst estimates of $59.00 million. SandRidge Energy had a return on equity of 13.62% and a net margin of 46.06%. On average, sell-side analysts predict that SandRidge Energy, Inc. will post 2.13 EPS for the current year.

SandRidge Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.7%. SandRidge Energy’s dividend payout ratio is 23.21%.

SandRidge Energy Profile

SandRidge Energy, Inc is an independent oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company acquires, develops and operates oil and gas properties, with production that includes crude oil, natural gas and natural gas liquids.

SandRidge’s operations are concentrated in the Mid-Continent region of the United States, particularly in Oklahoma and Kansas. Its activities include drilling, completing and operating wells, as well as managing the associated gathering and production infrastructure used to bring hydrocarbons to market.

Founded in 2006, SandRidge Energy has undergone significant changes in its corporate and asset structure over time.