SandRidge Energy, Inc. (NYSE:SD) Short Interest Update

SandRidge Energy, Inc. (NYSE:SD) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 663,300 shares, a decrease of 31.6% from the October 31st total of 970,400 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average trading volume of 302,500 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Investors Weigh In On SandRidge Energy

Several hedge funds have recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in SandRidge Energy during the second quarter valued at $25,000. Quarry LP acquired a new position in shares of SandRidge Energy in the 2nd quarter valued at about $25,000. Copeland Capital Management LLC purchased a new stake in shares of SandRidge Energy in the third quarter worth approximately $36,000. The Manufacturers Life Insurance Company lifted its position in shares of SandRidge Energy by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company’s stock worth $162,000 after purchasing an additional 756 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of SandRidge Energy during the third quarter worth approximately $186,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Price Performance

Shares of SD traded up $0.11 during mid-day trading on Friday, hitting $11.73. The company’s stock had a trading volume of 152,926 shares, compared to its average volume of 346,646. The stock has a market capitalization of $436.47 million, a price-to-earnings ratio of 9.21 and a beta of 2.10. SandRidge Energy has a fifty-two week low of $10.94 and a fifty-two week high of $15.31. The firm has a 50-day moving average price of $11.80 and a 200 day moving average price of $12.62.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.08). The company had revenue of $30.06 million for the quarter. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, November 15th. SandRidge Energy’s dividend payout ratio (DPR) is currently 34.38%.

About SandRidge Energy

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.