SandRidge Energy, Inc. (NYSE:SD) was the recipient of a significant decrease in short interest in the month of January. As of January 12th, there was short interest totalling 1,161,544 shares, a decrease of 34.5% from the December 29th total of 1,773,430 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average daily trading volume, of 393,113 shares, the short-interest ratio is presently 3.0 days.
In related news, CFO Julian Mark Bott sold 2,373 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $21.00, for a total transaction of $49,833.00. Following the sale, the chief financial officer now directly owns 157,641 shares in the company, valued at $3,310,461. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Carl C. Icahn bought 1,257,242 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average price of $16.34 per share, for a total transaction of $20,543,334.28. The disclosure for this purchase can be found here. Insiders have sold 138,527 shares of company stock worth $2,917,714 over the last 90 days. Insiders own 3.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its holdings in shares of 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 valued at $252,000 after acquiring an additional 3,200 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of SandRidge Energy by 1.5% in the second quarter. Goldman Sachs Group Inc. now owns 253,285 shares of the oil and natural gas company’s stock valued at $4,359,000 after acquiring an additional 3,741 shares during the period. Ingalls & Snyder LLC boosted its holdings in shares of SandRidge Energy by 32.0% in the fourth quarter. Ingalls & Snyder LLC now owns 20,612 shares of the oil and natural gas company’s stock valued at $434,000 after acquiring an additional 5,000 shares during the period. California Public Employees Retirement System boosted its holdings in shares of SandRidge Energy by 41.2% in the third quarter. California Public Employees Retirement System now owns 28,658 shares of the oil and natural gas company’s stock valued at $576,000 after acquiring an additional 8,358 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of SandRidge Energy in the second quarter valued at approximately $152,000. 10.15% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on SD shares. Zacks Investment Research upgraded shares of SandRidge Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Mizuho lowered shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research note on Tuesday, January 16th.
SandRidge Energy (NYSE:SD) opened at $17.89 on Thursday. The company has a market cap of $647.34 and a P/E ratio of -1.17. SandRidge Energy has a one year low of $14.65 and a one year high of $21.90. 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 announced its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.13. The company had revenue of $80.89 million for the quarter, compared to analyst estimates of $77.60 million. SandRidge Energy had a negative net margin of 73.96% and a positive return on equity of 9.09%. equities research analysts anticipate that SandRidge Energy will post 1.45 EPS for the current fiscal year.
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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.
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