SandRidge Energy, Inc. (NYSE:SD) COO John Patrick Suter sold 22,803 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $20.73, for a total transaction of $472,706.19. Following the sale, the chief operating officer now directly owns 85,893 shares of the company’s stock, valued at approximately $1,780,561.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of SandRidge Energy, Inc. (NYSE SD) traded down $0.12 during trading on Monday, hitting $21.16. 259,500 shares of the stock traded hands, compared to its average volume of 393,056. 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, Inc. has a 1-year low of $14.65 and a 1-year high of $22.44. The stock has a market cap of $754.69 and a PE ratio of -1.39.
SandRidge Energy (NYSE:SD) last released its earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. SandRidge Energy had a negative net margin of 73.96% and a positive return on equity of 9.09%. The company had revenue of $80.89 million for the quarter, compared to analysts’ expectations of $77.60 million. equities research analysts expect that SandRidge Energy, Inc. will post 1.45 EPS for the current fiscal year.
Several research analysts have recently weighed in on SD shares. ValuEngine upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, October 26th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SD. UBS Asset Management Americas Inc. increased its holdings in shares of SandRidge Energy by 28.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 14,645 shares of the oil and natural gas company’s stock worth $252,000 after buying an additional 3,200 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of SandRidge Energy by 1.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 253,285 shares of the oil and natural gas company’s stock worth $4,359,000 after buying an additional 3,741 shares during the last quarter. BNP Paribas Arbitrage SA bought a new stake in shares of SandRidge Energy in the 2nd quarter worth about $119,000. California Public Employees Retirement System increased its holdings in shares of SandRidge Energy by 41.2% in the 3rd quarter. California Public Employees Retirement System now owns 28,658 shares of the oil and natural gas company’s stock worth $576,000 after buying an additional 8,358 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of SandRidge Energy in the 2nd quarter worth about $152,000. Institutional investors own 10.12% 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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