Short Interest in SandRidge Energy, Inc. (NYSE:SD) Rises By 29.6%

SandRidge Energy, Inc. (NYSE:SD) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 901,300 shares, an increase of 29.6% from the February 28th total of 695,300 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average trading volume of 306,700 shares, the days-to-cover ratio is presently 2.9 days.

SandRidge Energy Trading Up 0.2 %

NYSE:SD traded up $0.02 during trading hours on Tuesday, hitting $11.44. The stock had a trading volume of 241,992 shares, compared to its average volume of 292,725. The company has a market cap of $424.98 million, a PE ratio of 8.94 and a beta of 2.03. The business has a 50 day simple moving average of $11.76 and a two-hundred day simple moving average of $11.73. SandRidge Energy has a 1-year low of $10.31 and a 1-year high of $15.31.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Monday, March 10th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.14). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The firm had revenue of $38.97 million for the quarter, compared to analysts’ expectations of $50.27 million.

SandRidge Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date was Thursday, March 20th. SandRidge Energy’s payout ratio is 25.88%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in SandRidge Energy by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 263,004 shares of the oil and natural gas company’s stock worth $3,217,000 after purchasing an additional 9,471 shares during the last quarter. Algert Global LLC grew its position in shares of SandRidge Energy by 70.5% during the third quarter. Algert Global LLC now owns 39,490 shares of the oil and natural gas company’s stock worth $483,000 after buying an additional 16,329 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in SandRidge Energy by 34.0% in the third quarter. BNP Paribas Financial Markets now owns 23,502 shares of the oil and natural gas company’s stock valued at $287,000 after acquiring an additional 5,967 shares in the last quarter. Lavaca Capital LLC bought a new position in SandRidge Energy during the 3rd quarter valued at $306,000. Finally, Quantinno Capital Management LP bought a new position in SandRidge Energy during the 3rd quarter valued at $186,000. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Company Profile

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.