SandRidge Energy, Inc. (NYSE:SD) Sees Large Decline in Short Interest

SandRidge Energy, Inc. (NYSE:SD) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 1,070,000 shares, a drop of 13.0% from the June 15th total of 1,230,000 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average trading volume of 275,400 shares, the days-to-cover ratio is presently 3.9 days.

Institutional Investors Weigh In On SandRidge Energy

Large investors have recently added to or reduced their stakes in the company. Copeland Capital Management LLC purchased a new stake in SandRidge Energy in the fourth quarter worth $27,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of SandRidge Energy by 114.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,113 shares of the oil and natural gas company’s stock valued at $111,000 after purchasing an additional 4,325 shares in the last quarter. Quest Partners LLC purchased a new position in shares of SandRidge Energy during the fourth quarter valued at approximately $205,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of SandRidge Energy in the 1st quarter worth approximately $243,000. Finally, SG Americas Securities LLC increased its position in SandRidge Energy by 85.1% during the 4th quarter. SG Americas Securities LLC now owns 22,769 shares of the oil and natural gas company’s stock valued at $311,000 after buying an additional 10,470 shares in the last quarter. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Price Performance

Shares of SandRidge Energy stock opened at $13.15 on Friday. The company has a 50 day simple moving average of $13.29 and a two-hundred day simple moving average of $13.62. The firm has a market cap of $488.13 million, a PE ratio of 10.12 and a beta of 2.15. SandRidge Energy has a 1 year low of $11.51 and a 1 year high of $17.19.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings data on Tuesday, May 7th. The oil and natural gas company reported $0.23 EPS for the quarter. The firm had revenue of $30.28 million for the quarter. SandRidge Energy had a return on equity of 11.41% and a net margin of 35.52%.

SandRidge Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Thursday, May 16th. SandRidge Energy’s payout ratio is 33.85%.

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.