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

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

Institutional Trading of SandRidge Energy

Several large investors have recently made changes to their positions in SD. nVerses Capital LLC bought a new position in shares of SandRidge Energy during the second quarter valued at $25,000. Quarry LP bought a new position in SandRidge Energy during the second quarter worth $25,000. Copeland Capital Management LLC bought a new position in SandRidge Energy during the third quarter worth $36,000. The Manufacturers Life Insurance Company raised its stake in SandRidge Energy by 6.4% during 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 buying an additional 756 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in SandRidge Energy during the third quarter worth $186,000. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

Shares of NYSE SD traded up $0.11 during mid-day trading on Friday, hitting $11.73. 152,926 shares of the stock were exchanged, compared to its average volume of 308,113. The company has a market cap of $436.52 million, a P/E ratio of 9.16 and a beta of 2.10. The stock’s fifty day simple moving average is $11.79 and its two-hundred day simple moving average is $12.60. SandRidge Energy has a twelve month low of $10.94 and a twelve month high of $15.31.

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

SandRidge Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.11 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 3.75%. SandRidge Energy’s dividend payout ratio 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.