SandRidge Energy Inc (SD) Shares Bought by BlackRock Inc.

BlackRock Inc. boosted its stake in SandRidge Energy Inc (NYSE:SD) by 18.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,242,408 shares of the oil and natural gas company’s stock after buying an additional 352,201 shares during the period. BlackRock Inc. owned approximately 6.29% of SandRidge Energy worth $47,247,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in SD. Bank of New York Mellon Corp lifted its holdings in shares of SandRidge Energy by 8.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 177,793 shares of the oil and natural gas company’s stock worth $3,572,000 after acquiring an additional 13,424 shares during the period. SG Americas Securities LLC bought a new stake in shares of SandRidge Energy during the 3rd quarter worth approximately $191,000. Wells Fargo & Company MN lifted its holdings in shares of SandRidge Energy by 29.5% during the 3rd quarter. Wells Fargo & Company MN now owns 115,717 shares of the oil and natural gas company’s stock worth $2,325,000 after acquiring an additional 26,358 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of SandRidge Energy by 36.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 134,661 shares of the oil and natural gas company’s stock worth $2,706,000 after acquiring an additional 35,637 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of SandRidge Energy by 258.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 246,695 shares of the oil and natural gas company’s stock worth $4,956,000 after acquiring an additional 177,798 shares during the period. Institutional investors and hedge funds own 86.83% of the company’s stock.

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SandRidge Energy stock opened at $14.65 on Friday. SandRidge Energy Inc has a 1-year low of $13.02 and a 1-year high of $21.90. The firm has a market capitalization of $511.11, a price-to-earnings ratio of 9.10 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 0.98.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. SandRidge Energy had a net margin of 13.17% and a return on equity of 6.18%. The firm had revenue of $93.21 million for the quarter, compared to analyst estimates of $86.70 million. equities research analysts predict that SandRidge Energy Inc will post -0.15 EPS for the current year.

Several brokerages have issued reports on SD. ValuEngine cut shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Mizuho cut shares of SandRidge Energy from a “buy” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research report on Tuesday, January 16th. Finally, Zacks Investment Research cut shares of SandRidge Energy from a “buy” rating to a “strong sell” rating in a research report on Wednesday, February 21st.

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SandRidge Energy Company Profile

SandRidge Energy, Inc engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and North Park Basin of the United States. As of December 31, 2017, it had 2,096.8 net producing wells; approximately 643,000 net acres under lease; and two rigs drilling in the Mid-Continent and two rigs drilling in the North Park Basin, as well as total estimated proved reserves of 177.6 million barrels of oil equivalent.

Institutional Ownership by Quarter for SandRidge Energy (NYSE:SD)

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