Philip T. Warman Sells 13,351 Shares of SandRidge Energy, Inc. (NYSE:SD) Stock

SandRidge Energy, Inc. (NYSE:SD) SVP Philip T. Warman sold 13,351 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $21.21, for a total transaction of $283,174.71. Following the completion of the sale, the senior vice president now owns 50,267 shares in the company, valued at approximately $1,066,163.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SandRidge Energy, Inc. (SD) traded up $0.07 during trading hours on Friday, hitting $19.67. 250,035 shares of the stock were exchanged, compared to its average volume of 467,832. The stock has a market capitalization of $701.55 and a PE ratio of -1.29. SandRidge Energy, Inc. has a 1 year low of $14.65 and a 1 year high of $21.90. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.04.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.13. The company had revenue of $80.89 million for the quarter, compared to the consensus estimate of $77.60 million. SandRidge Energy had a negative net margin of 73.96% and a positive return on equity of 9.09%. sell-side analysts forecast that SandRidge Energy, Inc. will post 1.45 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA bought a new position in SandRidge Energy during the second quarter valued at approximately $119,000. Legal & General Group Plc bought a new position in SandRidge Energy in the second quarter worth approximately $152,000. SG Americas Securities LLC bought a new position in SandRidge Energy in the third quarter worth approximately $191,000. UBS Asset Management Americas Inc. raised its position in SandRidge Energy by 28.0% in the second quarter. UBS Asset Management Americas Inc. now owns 14,645 shares of the oil and natural gas company’s stock worth $252,000 after acquiring an additional 3,200 shares during the period. Finally, Voya Investment Management LLC bought a new position in SandRidge Energy in the second quarter worth approximately $295,000. Institutional investors own 85.28% of the company’s stock.

A number of brokerages have weighed in on SD. ValuEngine upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of SandRidge Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Mizuho cut shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Tuesday, January 16th.

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About SandRidge Energy

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.

Insider Buying and Selling by Quarter for SandRidge Energy (NYSE:SD)

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