SandRidge Energy Inc. (SD) Stake Decreased by Guggenheim Capital LLC

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Guggenheim Capital LLC cut its position in shares of SandRidge Energy Inc. (NYSE:SD) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,835,710 shares of the oil and natural gas company’s stock after selling 94,025 shares during the period. Guggenheim Capital LLC owned 8.01% of SandRidge Energy worth $41,146,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in SandRidge Energy in the 1st quarter valued at about $102,000. Quadrature Capital Ltd acquired a new position in SandRidge Energy in the 4th quarter valued at about $210,000. AMP Capital Investors Ltd acquired a new position in SandRidge Energy in the 4th quarter valued at about $225,000. Teacher Retirement System of Texas acquired a new position in SandRidge Energy in the 4th quarter valued at about $231,000. Finally, Cambria Investment Management L.P. acquired a new position in SandRidge Energy in the 1st quarter valued at about $232,000. Institutional investors own 71.28% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of SandRidge Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th.

Shares of SandRidge Energy opened at $16.82 on Friday, according to Marketbeat.com. SandRidge Energy Inc. has a 52 week low of $13.02 and a 52 week high of $21.90. The stock has a market capitalization of $602.58 million, a P/E ratio of 10.45 and a beta of 0.83.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Monday, May 7th. The oil and natural gas company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.20. SandRidge Energy had a negative net margin of 12.90% and a positive return on equity of 4.38%. The business had revenue of $87.13 million for the quarter, compared to analyst estimates of $86.70 million. equities analysts forecast that SandRidge Energy Inc. will post 0.08 earnings per share for the current year.

SandRidge Energy Company Profile

SandRidge Energy, Inc engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and North Park Basin of the United States. As of December 31, 2017, it had 2,096.8 net producing wells; approximately 643,000 net acres under lease; and two rigs drilling in the Mid-Continent and two rigs drilling in the North Park Basin, as well as total estimated proved reserves of 177.6 million barrels of oil equivalent.

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Institutional Ownership by Quarter for SandRidge Energy (NYSE:SD)

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