Koshinski Asset Management Inc. Acquires New Position in SilverBow Resources, Inc. (NYSE:SBOW)

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Koshinski Asset Management Inc. purchased a new position in SilverBow Resources, Inc. (NYSE:SBOW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,551 shares of the company’s stock, valued at approximately $1,696,000. Koshinski Asset Management Inc. owned 0.09% of SilverBow Resources at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC purchased a new position in SilverBow Resources in the 3rd quarter worth approximately $87,000. Bailard Inc. purchased a new position in SilverBow Resources in the 4th quarter worth approximately $191,000. Finally, BlackRock Inc. increased its stake in SilverBow Resources by 1.3% in the 4th quarter. BlackRock Inc. now owns 134,501 shares of the company’s stock worth $714,000 after purchasing an additional 1,685 shares during the period. 55.66% of the stock is currently owned by institutional investors and hedge funds.

SBOW opened at $8.07 on Thursday. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.85 and a current ratio of 0.85. SilverBow Resources, Inc. has a 52-week low of $2.34 and a 52-week high of $9.50. The stock has a market capitalization of $96.33 million, a PE ratio of -0.31 and a beta of 2.64. The stock’s 50 day moving average price is $8.15 and its 200-day moving average price is $6.03.

SilverBow Resources (NYSE:SBOW) last posted its earnings results on Thursday, March 4th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.31. SilverBow Resources had a negative return on equity of 17.94% and a negative net margin of 161.26%. Research analysts forecast that SilverBow Resources, Inc. will post 2.79 EPS for the current fiscal year.

SBOW has been the topic of a number of analyst reports. Zacks Investment Research raised SilverBow Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, March 24th. Johnson Rice raised SilverBow Resources from an “accumulate” rating to a “buy” rating in a research note on Tuesday, March 9th.

About SilverBow Resources

SilverBow Resources, Inc, an oil and gas company, acquires and develops assets in the Eagle Ford shale located in South Texas. As of December 31, 2020, it had proved reserves of 1,106 billion cubic feet of natural gas equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.

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Institutional Ownership by Quarter for SilverBow Resources (NYSE:SBOW)

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