SandRidge Energy (NYSE:SD) Shares Down 5.2%

SandRidge Energy, Inc. (NYSE:SDGet Rating) was down 5.2% on Wednesday . The stock traded as low as $18.60 and last traded at $18.61. Approximately 1,387 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 771,348 shares. The stock had previously closed at $19.64.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered SandRidge Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 13th.

SandRidge Energy Trading Down 0.4 %

The firm has a 50-day moving average of $18.36 and a 200 day moving average of $18.41. The stock has a market capitalization of $694.39 million, a price-to-earnings ratio of 4.73 and a beta of 2.36.

Hedge Funds Weigh In On SandRidge Energy

Several hedge funds and other institutional investors have recently bought and sold shares of SD. Lazard Asset Management LLC purchased a new stake in SandRidge Energy during the 4th quarter worth approximately $39,000. Edge Capital Group LLC purchased a new stake in SandRidge Energy during the 2nd quarter worth approximately $51,000. Dark Forest Capital Management LP purchased a new stake in SandRidge Energy during the 2nd quarter worth approximately $52,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in SandRidge Energy during the 2nd quarter worth approximately $59,000. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in SandRidge Energy during the 2nd quarter worth approximately $159,000. 38.65% of the stock is owned by institutional investors and hedge funds.

SandRidge Energy Company Profile

(Get Rating)

SandRidge Energy, Inc engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. As of December 31, 2021, it had an interest in 817.0 net producing wells; and operated approximately 368,000 net leasehold acres in Oklahoma and Kansas, as well as total estimated proved reserves of 71.3 million barrels of oil equivalent.

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