Short Interest in SandRidge Energy, Inc. (NYSE:SD) Drops By 16.3%

SandRidge Energy, Inc. (NYSE:SD) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 554,900 shares, a decrease of 16.3% from the November 15th total of 663,300 shares. Based on an average daily trading volume, of 313,800 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.8% of the shares of the stock are sold short.

SandRidge Energy Stock Performance

NYSE SD opened at $11.28 on Friday. The business’s 50 day moving average price is $11.62 and its 200-day moving average price is $12.44. SandRidge Energy has a fifty-two week low of $10.77 and a fifty-two week high of $15.31. The company has a market cap of $419.77 million, a P/E ratio of 8.81 and a beta of 2.13.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The firm had revenue of $30.06 million for the quarter.

SandRidge Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.11 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a yield of 3.90%. SandRidge Energy’s payout ratio is 34.38%.

Institutional Trading of SandRidge Energy

A number of large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its stake in shares of SandRidge Energy by 9.5% during the third quarter. Sanctuary Advisors LLC now owns 39,895 shares of the oil and natural gas company’s stock valued at $483,000 after buying an additional 3,451 shares during the period. Barclays PLC grew its holdings in SandRidge Energy by 87.3% during the 3rd quarter. Barclays PLC now owns 86,752 shares of the oil and natural gas company’s stock worth $1,062,000 after acquiring an additional 40,427 shares in the last quarter. Geode Capital Management LLC increased its position in SandRidge Energy by 1.5% during the 3rd 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 purchasing an additional 11,300 shares during the period. Quantinno Capital Management LP bought a new stake in shares of SandRidge Energy in the 3rd quarter valued at about $186,000. Finally, Lavaca Capital LLC purchased a new stake in shares of SandRidge Energy in the 3rd quarter worth approximately $306,000. 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.