SandRidge Energy Sees Unusually Large Options Volume (SD)

SandRidge Energy Inc. (NYSE:SD) was the target of some unusual options trading activity on Thursday. Stock traders acquired 947 put options on the stock. This is an increase of 1,055% compared to the typical volume of 82 put options.

Separately, Zacks Investment Research raised shares of SandRidge Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, June 6th.

SandRidge Energy opened at $17.26 on Friday, Marketbeat Ratings reports. SandRidge Energy has a one year low of $13.02 and a one year high of $21.90. The firm has a market cap of $616.04 million, a price-to-earnings ratio of 10.72 and a beta of 0.83.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Monday, May 7th. The oil and natural gas company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.20. SandRidge Energy had a negative net margin of 12.90% and a positive return on equity of 4.38%. The firm had revenue of $87.13 million during the quarter, compared to analysts’ expectations of $86.70 million. equities analysts predict that SandRidge Energy will post 0.08 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in SandRidge Energy during the first quarter worth $102,000. Quadrature Capital Ltd bought a new position in SandRidge Energy during the fourth quarter worth $210,000. AMP Capital Investors Ltd bought a new position in SandRidge Energy during the fourth quarter worth $225,000. Teacher Retirement System of Texas bought a new position in SandRidge Energy during the fourth quarter worth $231,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in SandRidge Energy during the fourth quarter worth $249,000. 71.28% of the stock is owned by hedge funds and other institutional investors.

About SandRidge Energy

SandRidge Energy, Inc engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and North Park Basin of the United States. As of December 31, 2017, it had 2,096.8 net producing wells; approximately 643,000 net acres under lease; and two rigs drilling in the Mid-Continent and two rigs drilling in the North Park Basin, as well as total estimated proved reserves of 177.6 million barrels of oil equivalent.

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