Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of SandRidge Energy Inc. (NYSE:SD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,975 shares of the oil and natural gas company’s stock, valued at approximately $145,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of SandRidge Energy at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Spark Investment Management LLC bought a new stake in SandRidge Energy in the first quarter valued at approximately $706,000. PenderFund Capital Management Ltd. acquired a new position in SandRidge Energy in the second quarter valued at approximately $7,162,000. Brave Asset Management Inc. acquired a new position in SandRidge Energy in the second quarter valued at approximately $256,000. Tieton Capital Management LLC lifted its stake in SandRidge Energy by 11.5% in the first quarter. Tieton Capital Management LLC now owns 281,590 shares of the oil and natural gas company’s stock valued at $2,258,000 after buying an additional 29,050 shares during the period. Finally, Marshall Wace LLP lifted its stake in SandRidge Energy by 185.3% in the first quarter. Marshall Wace LLP now owns 215,036 shares of the oil and natural gas company’s stock valued at $1,725,000 after buying an additional 139,671 shares during the period. Institutional investors own 61.04% of the company’s stock.
Separately, ValuEngine raised SandRidge Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st.
SD traded up $0.09 during trading on Friday, hitting $5.90. The company’s stock had a trading volume of 177,656 shares, compared to its average volume of 233,912. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.06. SandRidge Energy Inc. has a twelve month low of $4.27 and a twelve month high of $11.81. The stock’s fifty day moving average price is $5.38 and its 200-day moving average price is $7.02. The firm has a market capitalization of $207.65 million, a P/E ratio of 28.09 and a beta of 1.66.
SandRidge Energy (NYSE:SD) last issued its earnings results on Wednesday, August 7th. The oil and natural gas company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.41). The firm had revenue of $75.39 million for the quarter. SandRidge Energy had a return on equity of 0.85% and a net margin of 14.28%.
About SandRidge Energy
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, 2018, it had 1,095.8 net producing wells; approximately 571,000 net acres under lease; and 2 rigs drilling in the Mid-Continent and 1 rig drilling in the North Park Basin, as well as total estimated proved reserves of 160.2 million barrels of oil equivalent.
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