Strs Ohio bought a new stake in SandRidge Energy Inc. (NYSE:SD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,600 shares of the oil and natural gas company’s stock, valued at approximately $170,000.
A number of other institutional investors also recently modified their holdings of SD. Engineers Gate Manager LP bought a new stake in SandRidge Energy during the 2nd quarter worth approximately $218,000. Dalton Greiner Hartman Maher & Co. increased its holdings in SandRidge Energy by 65.4% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 259,886 shares of the oil and natural gas company’s stock worth $4,610,000 after acquiring an additional 102,765 shares during the period. Highbridge Capital Management LLC increased its holdings in SandRidge Energy by 365.4% during the 1st quarter. Highbridge Capital Management LLC now owns 49,561 shares of the oil and natural gas company’s stock worth $719,000 after acquiring an additional 38,913 shares during the period. Sound Point Capital Management LP bought a new stake in SandRidge Energy during the 1st quarter worth approximately $6,008,000. Finally, Cannell Capital LLC increased its holdings in SandRidge Energy by 11.7% during the 1st quarter. Cannell Capital LLC now owns 614,211 shares of the oil and natural gas company’s stock worth $8,912,000 after acquiring an additional 64,180 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.
A number of equities analysts have recently commented on SD shares. Zacks Investment Research raised shares of SandRidge Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th. ValuEngine raised shares of SandRidge Energy from a “hold” rating to a “buy” rating in a report on Monday, July 2nd.
SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Wednesday, August 8th. The oil and natural gas company reported ($0.05) EPS for the quarter. The company had revenue of $79.46 million during the quarter. SandRidge Energy had a positive return on equity of 3.30% and a negative net margin of 30.00%.
SandRidge Energy Profile
SandRidge Energy, Inc engages in the exploration, development, and production of oil, natural gas, and natural gas liquids primarily in the Mid-Continent and North Park Basin of the United States. As of December 31, 2017, it had 2,096.8 net producing wells; approximately 643,000 net acres under lease; and two rigs drilling in the Mid-Continent and two rigs drilling in the North Park Basin, as well as total estimated proved reserves of 177.6 million barrels of oil equivalent.
Further Reading: Return on Investment (ROI) Defined, Explained
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