SandRidge Energy, Inc. (NYSE:SD) Short Interest Down 18.2% in January

SandRidge Energy, Inc. (NYSE:SD) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 592,800 shares, a decline of 18.2% from the December 31st total of 724,400 shares. Based on an average daily trading volume, of 310,900 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.9% of the company’s shares are sold short.

Institutional Investors Weigh In On SandRidge Energy

Large investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of SandRidge Energy in the second quarter valued at about $25,000. Copeland Capital Management LLC acquired a new stake in SandRidge Energy during the third quarter worth about $36,000. nVerses Capital LLC grew its position in SandRidge Energy by 57.9% during the third quarter. nVerses Capital LLC now owns 3,000 shares of the oil and natural gas company’s stock worth $37,000 after buying an additional 1,100 shares in the last quarter. The Manufacturers Life Insurance Company grew its position 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 in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in SandRidge Energy during the third quarter worth about $186,000. 61.84% of the stock is owned by institutional investors.

SandRidge Energy Price Performance

Shares of SD stock traded up $0.05 during midday trading on Monday, hitting $11.90. The company had a trading volume of 276,365 shares, compared to its average volume of 249,794. The company’s 50 day simple moving average is $11.66 and its 200 day simple moving average is $12.08. SandRidge Energy has a 52-week low of $10.31 and a 52-week high of $15.31. The stock has a market cap of $442.66 million, a price-to-earnings ratio of 9.29 and a beta of 2.10.

SandRidge Energy (NYSE:SD) last released 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). SandRidge Energy had a return on equity of 7.92% and a net margin of 39.25%. The company had revenue of $30.06 million during the quarter.

SandRidge Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Friday, November 15th. SandRidge Energy’s payout ratio is currently 34.38%.

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.