SandRidge Energy (SD) Rating Lowered to Hold at ValuEngine

ValuEngine lowered shares of SandRidge Energy (NYSE:SD) from a buy rating to a hold rating in a research note released on Thursday, February 8th.

SD has been the subject of several other research reports. Mizuho cut SandRidge Energy from a buy rating to a neutral rating and set a $25.00 price target for the company. in a research note on Tuesday, January 16th. Zacks Investment Research upgraded SandRidge Energy from a sell rating to a hold rating in a report on Wednesday, October 11th.

SandRidge Energy (NYSE SD) traded up $0.10 during trading hours on Thursday, hitting $15.45. The stock had a trading volume of 400,152 shares, compared to its average volume of 498,002. SandRidge Energy has a 12 month low of $14.65 and a 12 month high of $21.90. The company has a market capitalization of $547.47 and a PE ratio of -1.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.12.

In other news, CFO Julian Mark Bott sold 2,373 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $21.00, for a total value of $49,833.00. Following the completion of the sale, the chief financial officer now owns 157,641 shares in the company, valued at $3,310,461. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Philip T. Warman sold 13,351 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $21.21, for a total value of $283,174.71. Following the completion of the sale, the senior vice president now owns 50,267 shares of the company’s stock, valued at approximately $1,066,163.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,527 shares of company stock valued at $2,917,714. Insiders own 3.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. lifted its holdings in shares of SandRidge Energy by 28.0% during the second quarter. UBS Asset Management Americas Inc. now owns 14,645 shares of the oil and natural gas company’s stock valued at $252,000 after purchasing an additional 3,200 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of SandRidge Energy by 1.5% during the second quarter. Goldman Sachs Group Inc. now owns 253,285 shares of the oil and natural gas company’s stock valued at $4,359,000 after purchasing an additional 3,741 shares during the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of SandRidge Energy by 32.0% during the fourth quarter. Ingalls & Snyder LLC now owns 20,612 shares of the oil and natural gas company’s stock valued at $434,000 after purchasing an additional 5,000 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of SandRidge Energy by 3,252.5% during the fourth quarter. Meeder Asset Management Inc. now owns 6,772 shares of the oil and natural gas company’s stock valued at $142,000 after purchasing an additional 6,570 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of SandRidge Energy by 25.3% during the fourth quarter. California Public Employees Retirement System now owns 35,918 shares of the oil and natural gas company’s stock valued at $757,000 after purchasing an additional 7,260 shares during the last quarter. 10.74% of the stock is owned by institutional investors and hedge funds.

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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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