From MarketBeat:

SandRidge Energy, Inc. (NYSE:SD) announced a quarterly dividend of $1.50 per share, totaling $6.00 annually and a 42.95% yield, with an ex-dividend date of February 2nd.

The company traded at $13.97, with a 50-day moving average of $13.96, a 200-day moving average of $15.22, and a 1-year range of $12.62 to $17.80. The market capitalization is $518.15 million, with a P/E ratio of 3.17 and a beta of 2.12.

The company reported $0.44 earnings per share, with a net margin of 96.17% and a return on equity of 19.53%. Revenue for the quarter was $38.15 million.

Institutional investors, including Bank of America, UBS Group, Walleye Capital, CenterBook Partners, and KB Financial Partners, have recently modified their holdings of the stock, owning 20.81% collectively.

StockNews.com began coverage on SandRidge Energy, giving the company a “hold” rating.

SandRidge Energy engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. As of December 31, 2022, it had an interest in 1,471 gross producing wells.

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Read more: SandRidge Energy, Inc. Declares Quarterly Dividend of $1.50 (NYSE:SD)