SandRidge Energy, Inc. (NYSE:SD) Short Interest Down 16.3% in November

SandRidge Energy, Inc. (NYSE:SD) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 554,900 shares, a drop of 16.3% from the November 15th total of 663,300 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 313,800 shares, the short-interest ratio is currently 1.8 days.

SandRidge Energy Price Performance

Shares of SandRidge Energy stock opened at $11.28 on Monday. The stock has a 50-day simple moving average of $11.62 and a 200-day simple moving average of $12.42. SandRidge Energy has a 52-week low of $10.77 and a 52-week high of $15.31. The firm has a market cap of $419.73 million, a price-to-earnings ratio of 8.81 and a beta of 2.13.

SandRidge Energy (NYSE:SD) last posted its earnings results on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The business had revenue of $30.06 million during the quarter.

SandRidge Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.90%. The ex-dividend date was Friday, November 15th. SandRidge Energy’s payout ratio is 34.38%.

Hedge Funds Weigh In On SandRidge Energy

Several institutional investors have recently bought and sold shares of SD. nVerses Capital LLC acquired a new stake in SandRidge Energy in the 2nd quarter worth approximately $25,000. Quarry LP bought a new position in shares of SandRidge Energy in the second quarter valued at approximately $25,000. Copeland Capital Management LLC acquired a new stake in shares of SandRidge Energy in the third quarter worth $36,000. The Manufacturers Life Insurance Company boosted its holdings in shares of SandRidge Energy by 6.4% during the 2nd 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 during the period. Finally, Quantinno Capital Management LP bought a new stake in shares of SandRidge Energy during the 3rd quarter worth $186,000. 61.84% of the stock is currently owned by institutional investors.

About SandRidge Energy

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.