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

SandRidge Energy, Inc. (NYSE:SD) was the target of a large drop in short interest in 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. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 302,500 shares, the days-to-cover ratio is currently 2.2 days.

SandRidge Energy Price Performance

Shares of SD stock traded up $0.11 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’s fifty day moving average price is $11.80 and its 200-day moving average price is $12.62.

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 for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The company had revenue of $30.06 million during the quarter. SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%.

SandRidge Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 3.75%. SandRidge Energy’s dividend payout ratio (DPR) is presently 34.38%.

Hedge Funds Weigh In On SandRidge Energy

A number of institutional investors have recently modified their holdings of SD. nVerses Capital LLC bought a new stake in shares of SandRidge Energy during the 2nd quarter worth $25,000. Quarry LP bought a new stake in SandRidge Energy during the second quarter valued at about $25,000. Copeland Capital Management LLC bought a new stake in SandRidge Energy during the third quarter valued at about $36,000. The Manufacturers Life Insurance Company grew 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 valued at $162,000 after purchasing an additional 756 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of SandRidge Energy in the third quarter worth about $186,000. Institutional investors 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.