The Vanguard Group, Inc. has recently announced that it has increased stake in SandRidge Energy Inc. (NYSE:SD) by 0.14%. After grabbing 1.56 million shares, the institutional investor is now in possession of 2253.0 shares of the Energy Company. The new investment brought the stake of investor firm to 4.25% having worth around $29.49 million. Moreover, BlackRock Fund Advisors increased its share by 52411.0 to have a control over 1.5 million shares. And Renaissance Technologies LLC raised its holdings to 0.12 million shares by acquiring 1.26 million shares or 3.43% of the stake.
SandRidge Energy Inc. (SD) concluded trading on 11/23/22 at a closing price of $20.39, with 0.48 million shares of worth about $9.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.57% during that period and on Wednesday the price saw a loss of about -0.78%. Currently the company’s common shares owned by public are about 36.80M shares, out of which, 36.41M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 19 times over the past 12 months. They bought 159,837 shares in 12 of the transactions. In 7 selling transactions, insiders dumped 45,137 shares.
Fidelity Special Situations Fund, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in SandRidge Energy Inc. Fidelity Special Situations Fund is currently holding 0.98 million shares of worth totaling $18.56 million. The company recently came selling -0.22 million shares which brought its stake up to 2.67% of the company’s outstanding shares. iShares Russell 2000 ETF, after buying 0.46 million shares, have now control over 1.24% of the stake in the company. It holds 0.0 shares of worth $8.62 million.
SandRidge Energy Inc. (NYSE: SD) started trading at $20.56, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 20.90, or with a loss of -0.78%. Stock saw a price change of 1.80% in past 5 days and over the past one month there was a price change of 8.80%. Year-to-date (YTD), SD shares are showing a performance of 94.93% which increased to 68.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.07 but also hit the highest price of $29.28 during that period. The average intraday trading volume for SandRidge Energy Inc. shares is 712.38K. The stock is currently trading 3.19% above its 20-day simple moving average (SMA20), while that difference is up 10.44% for SMA50 and it goes to 12.50% higher than SMA200.
The Vanguard Group, Inc. acquired 1.56 million shares of SandRidge Energy Inc. having value of about $29.49 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 2253.0 shares in the company valued at close to $45938.67, or have control over 0.14% stake in the company. SandRidge Energy Inc. (NYSE: SD) currently have 36.80M outstanding shares and institutions hold larger chunk of about 69.40% of that. Holding of mutual funds in the company is about 26.65% while other institutional holders and individual stake holders have control over 44.25% and 21.65% of the stake respectively.
The stock has a current market capitalization of $771.35M and its 3Y-monthly beta is at 2.38. PE ratio of stock for trailing 12 months is 4.37, while it has posted earnings per share of $4.67 in the same period. Its PEG reads 0.87 and has Quick Ratio of 3.90 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SD, volatility over the week remained 4.96% while standing at 5.30% over the month.
Analysts are in expectations that SandRidge Energy Inc. (SD) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 140.30%. EPS is likely to grow at an annualized rate of 5.00% for next 5-years, compared to annual growth of -44.10% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Seaport Global Securities on June 21, 2017 offering a Neutral rating for the stock and assigned a target price range of between $25 and $17 to it.