SandRidge Energy, Inc. (NYSE:SD) SVP Philip T. Warman sold 13,351 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $21.21, for a total value of $283,174.71. Following the transaction, the senior vice president now directly owns 50,267 shares in the company, valued at approximately $1,066,163.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
SandRidge Energy, Inc. (SD) opened at $21.16 on Friday. SandRidge Energy, Inc. has a 12 month low of $14.65 and a 12 month high of $22.90. The company has a market capitalization of $758.97 and a price-to-earnings ratio of 9.59. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.04.
SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.13. The firm had revenue of $80.89 million for the quarter, compared to the consensus estimate of $77.60 million. SandRidge Energy had a positive return on equity of 9.09% and a negative net margin of 73.96%. sell-side analysts expect that SandRidge Energy, Inc. will post 1.45 earnings per share for the current year.
Several equities analysts have recently commented on the company. ValuEngine raised SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered SandRidge Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th.
Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System purchased a new stake in shares of SandRidge Energy in the 2nd quarter valued at $1,065,000. Voya Investment Management LLC purchased a new stake in shares of SandRidge Energy in the 2nd quarter valued at $295,000. Vanguard Group Inc. raised its holdings in shares of SandRidge Energy by 26.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,323,094 shares of the oil and natural gas company’s stock valued at $22,770,000 after buying an additional 280,634 shares during the period. Boston Partners raised its holdings in shares of SandRidge Energy by 28.1% in the 3rd quarter. Boston Partners now owns 128,997 shares of the oil and natural gas company’s stock valued at $2,592,000 after buying an additional 28,266 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of SandRidge Energy by 144.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 99,024 shares of the oil and natural gas company’s stock valued at $1,705,000 after buying an additional 58,556 shares during the period. Hedge funds and other institutional investors own 85.28% of the company’s stock.
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SandRidge Energy Company Profile
SandRidge Energy, Inc is an oil and natural gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through two segments: exploration and production, which is engaged in the exploration and production of oil and natural gas properties and includes its proportionate share of the activities of the SandRidge Mississippian Trust I, SandRidge Mississippian Trust II and SandRidge Permian Trust (the Royalty Trusts), and midstream services, which coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent.
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