Will SandRidge Energy Inc. (SD) Bite You?

Page 1 of 2

SandRidge Energy Inc. (NYSE:SD) is a very popular energy stock, both among everyday investors and money managers.

In the 21st century investor’s toolkit, there are tons of methods shareholders can use to track Mr. Market. Two of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top investment managers can trounce the S&P 500 by a very impressive amount (see just how much).

Just as necessary, optimistic insider trading sentiment is another way to look at the marketplace. Obviously, there are a variety of reasons for an insider to downsize shares of his or her company, but only one, very clear reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the useful potential of this strategy if piggybackers know what to do (learn more here).

Now that that’s out of the way, we’re going to discuss the recent info about SandRidge Energy Inc. (NYSE:SD).

SandRidge Energy Inc. (NYSE:SD)

What have hedge funds been doing with SandRidge Energy Inc. (NYSE:SD)?

In preparation for the third quarter, a total of 19 of the hedge funds we track were bullish in this stock, a change of -32% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a few notable hedge fund managers who were upping their holdings considerably.

Out of the hedge funds we follow, TPG-AXON Management LP, managed by Dinakar Singh, holds the most valuable position in SandRidge Energy Inc. (NYSE:SD). TPG-AXON Management LP has a $172.4 million position in the stock, comprising 12.1% of its 13F portfolio. Sitting at the No. 2 spot is Fairfax Financial Holdings, managed by Prem Watsa, which held a $154.2 million position; the fund has 6.2% of its 13F portfolio invested in the stock. Some other peers that are bullish include Leon Cooperman’s Omega Advisors, Mark McGoldrick and Jason Maynard’s Mouth Kellett Capital Management and Jonathon Jacobson’s Highfields Capital Management.

Judging by the fact that SandRidge Energy Inc. (NYSE:SD) has witnessed bearish sentiment from the entirety of the hedge funds we track, we can see that there exists a select few money managers who were dropping their full holdings in Q1. At the top of the heap, SAC Subsidiary’s Sigma Capital Management dumped the largest position of the 450+ funds we monitor, valued at about $3.2 million in call options.. Bart Baum’s fund, Ionic Capital Management, also cut its call options., about $2.3 million worth. These transactions are interesting, as total hedge fund interest fell by 9 funds in Q1.

Insider trading activity in SandRidge Energy Inc. (NYSE:SD)

Legal insider trading, particularly when it’s bullish, is best served when the primary stock in question has seen transactions within the past half-year. Over the latest six-month time period, SandRidge Energy Inc. (NYSE:SD) has experienced 1 unique insiders buying, and 5 insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to SandRidge Energy Inc. (NYSE:SD). These stocks are EV Energy Partners, L.P. (NASDAQ:EVEP), Enerplus Corp (USA) (NYSE:ERF), Halcon Resources Corp (NYSE:HK), Kodiak Oil & Gas Corp (USA) (NYSE:KOG), and Pengrowth Energy Corp (USA) (NYSE:PGH). This group of stocks are the members of the oil & gas drilling & exploration industry and their market caps resemble SD’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!