Voya Investment Management LLC bought a new stake in shares of SandRidge Energy, Inc. (NYSE:SD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,155 shares of the oil and natural gas company’s stock, valued at approximately $295,000. Voya Investment Management LLC owned 0.05% of SandRidge Energy at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. BNP Paribas Arbitrage SA bought a new position in SandRidge Energy in the second quarter worth approximately $119,000. Legal & General Group Plc purchased a new position in SandRidge Energy in the second quarter worth $152,000. California Public Employees Retirement System purchased a new position in SandRidge Energy in the first quarter worth $209,000. UBS Asset Management Americas Inc. grew its holdings in SandRidge Energy by 28.0% in the second quarter. UBS Asset Management Americas Inc. now owns 14,645 shares of the oil and natural gas company’s stock worth $252,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its holdings in SandRidge Energy by 4.1% in the second quarter. Ingalls & Snyder LLC now owns 15,612 shares of the oil and natural gas company’s stock worth $269,000 after purchasing an additional 612 shares during the last quarter. Institutional investors and hedge funds own 74.88% of the company’s stock.
Shares of SandRidge Energy, Inc. (SD) opened at $18.43 on Wednesday. SandRidge Energy, Inc. has a one year low of $15.03 and a one year high of $25.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.04. The firm has a market cap of $691.20 and a P/E ratio of 8.73.
SandRidge Energy (NYSE:SD) last released its earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.13. The company had revenue of $80.89 million for the quarter, compared to analyst estimates of $77.60 million. SandRidge Energy had a negative net margin of 73.96% and a positive return on equity of 9.09%. sell-side analysts forecast that SandRidge Energy, Inc. will post 1.11 earnings per share for the current year.
A number of brokerages have recently weighed in on SD. Zacks Investment Research upgraded shares of SandRidge Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine downgraded shares of SandRidge Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 8th.
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About SandRidge Energy
SandRidge Energy, Inc is an oil and natural gas company. The Company is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. It operates through two segments: exploration and production, which is engaged in the exploration and production of oil and natural gas properties and includes its proportionate share of the activities of the SandRidge Mississippian Trust I, SandRidge Mississippian Trust II and SandRidge Permian Trust (the Royalty Trusts), and midstream services, which coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent.
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