Two Sigma Advisers LP raised its stake in SandRidge Energy, Inc. (NYSE:SD) by 104.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,700 shares of the oil and natural gas company’s stock after purchasing an additional 61,100 shares during the quarter. Two Sigma Advisers LP owned 0.34% of SandRidge Energy worth $2,522,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. Ingalls & Snyder LLC raised its stake 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 worth $434,000 after purchasing an additional 5,000 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of SandRidge Energy by 3,252.5% in the fourth quarter. Meeder Asset Management Inc. now owns 6,772 shares of the oil and natural gas company’s stock worth $142,000 after purchasing an additional 6,570 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of SandRidge Energy by 25.3% in the fourth quarter. California Public Employees Retirement System now owns 35,918 shares of the oil and natural gas company’s stock worth $757,000 after purchasing an additional 7,260 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of SandRidge Energy in the third quarter worth approximately $191,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of SandRidge Energy during the fourth quarter valued at approximately $210,000. 86.83% of the stock is owned by hedge funds and other institutional investors.
Shares of SD opened at $13.68 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $475.46, a P/E ratio of 8.50 and a beta of 0.85. SandRidge Energy, Inc. has a 12 month low of $13.02 and a 12 month high of $21.90.
SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.15. The company had revenue of $93.21 million during the quarter, compared to the consensus estimate of $86.70 million. SandRidge Energy had a return on equity of 6.18% and a net margin of 13.17%. equities research analysts predict that SandRidge Energy, Inc. will post -0.15 EPS for the current year.
SD has been the subject of a number of research analyst reports. Mizuho downgraded SandRidge Energy from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Tuesday, January 16th. ValuEngine downgraded SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research downgraded SandRidge Energy from a “buy” rating to a “strong sell” rating in a research report on Wednesday, February 21st.
In related news, CFO Julian Mark Bott sold 2,373 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $21.00, for a total transaction of $49,833.00. Following the completion of the sale, the chief financial officer now directly owns 157,641 shares of the company’s stock, valued at $3,310,461. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.
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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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