(NYSE:SD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). Northern Trust Corp now owns 372,897 shares of the oil and natural gas company's stock valued at $6,417,000 after purchasing an additional 333,428 shares in the last quarter. SandRidge Energy earned a media sentiment score of 0.19 on Accern's scale.
Other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp owned 0.88% of Bonanza Creek Energy worth $5,656,000 as of its most recent filing with the SEC.
On Monday, SandRidge's board of directors adopted a so-called shareholder rights plan that would block any individual or group from amassing a 10 percent stake in its common stock. Finally, Royce & Associates LP purchased a new stake in shares of Bonanza Creek Energy in the second quarter valued at about $3,997,000. UBS Asset Management Americas Inc. boosted its stake in shares of SandRidge Energy by 28.0% during the second quarter. The institutional investor owned 178,339 shares of the oil and gas producer's stock after buying an additional 88,178 shares during the period.
SandRidge Energy, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $24.76. (NYSE:SD) traded up $0.27 on Friday, reaching $18.88. The company had a trading volume of 668,730 shares, compared to its average volume of 916,860. SandRidge Energy, Inc. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $663.74 and a P/E ratio of 8.38.
Icahn Buys 1257242 Shares of SandRidge Energy, Inc
SandRidge Energy (NYSE:SD) last posted its earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.13. The firm had revenue of $80.89 million for the quarter, compared to analyst estimates of $77.60 million. research analysts anticipate that SandRidge Energy, Inc. will post 1.11 earnings per share for the current year. SandRidge Energy had a positive return on equity of 9.09% and a negative net margin of 73.96%.
ILLEGAL ACTIVITY WARNING: "Carl C. Icahn Buys 1,257,242 Shares of SandRidge Energy, Inc". The shares were acquired at an average cost of $16.11 per share, with a total value of $14,002,554.24. The shares were bought at an average price of $16.34 per share, with a total value of $20,543,334.28. The disclosure for this purchase can be found here.
Several research analysts have weighed in on the stock. KeyCorp reissued a "hold" rating on shares of Bonanza Creek Energy in a research note on Monday, November 13th. "(NYSE:SD) Stock" was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another site, it was stolen and republished in violation of worldwide trademark and copyright legislation.
Carl Icahn on Thursday blasted SandRidge Energy over its proposed buyout of a fellow driller and its top executive's performance. The Company's oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas.
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