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

SandRidge Energy, Inc. (NYSE:SD) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 554,900 shares, a decrease of 16.3% from the November 15th total of 663,300 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily volume of 313,800 shares, the short-interest ratio is currently 1.8 days.

SandRidge Energy Price Performance

NYSE:SD opened at $11.28 on Friday. The firm’s 50-day moving average price is $11.62 and its 200-day moving average price is $12.43. The company has a market capitalization of $419.77 million, a PE ratio of 8.81 and a beta of 2.13. SandRidge Energy has a 1-year low of $10.77 and a 1-year high of $15.31.

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

SandRidge Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.11 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.90%. SandRidge Energy’s payout ratio is currently 34.38%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its holdings in SandRidge Energy by 279.4% in the third quarter. Royce & Associates LP now owns 621,244 shares of the oil and natural gas company’s stock worth $7,598,000 after buying an additional 457,500 shares during the last quarter. American Century Companies Inc. increased its position in shares of SandRidge Energy by 19.4% during the second quarter. American Century Companies Inc. now owns 763,356 shares of the oil and natural gas company’s stock valued at $9,870,000 after acquiring an additional 123,890 shares in the last quarter. Denali Advisors LLC increased its position in shares of SandRidge Energy by 69.4% during the second quarter. Denali Advisors LLC now owns 292,800 shares of the oil and natural gas company’s stock valued at $3,786,000 after acquiring an additional 120,000 shares in the last quarter. Renaissance Technologies LLC raised its holdings in SandRidge Energy by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,524,312 shares of the oil and natural gas company’s stock worth $19,709,000 after acquiring an additional 79,400 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in SandRidge Energy by 62.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 133,952 shares of the oil and natural gas company’s stock valued at $1,638,000 after acquiring an additional 51,583 shares in the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

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.