SilverBow Resources, Inc. (NYSE:SBOW) Receives $45.33 Average Target Price from Analysts

Shares of SilverBow Resources, Inc. (NYSE:SBOW) have been given a consensus rating of “Hold” by the seven brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $45.33.

Several analysts have commented on SBOW shares. TheStreet raised shares of SilverBow Resources from a “c” rating to a “b-” rating in a research report on Wednesday, February 28th. Truist Financial upped their price objective on shares of SilverBow Resources from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Mizuho lowered shares of SilverBow Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 17th. Finally, Roth Mkm assumed coverage on shares of SilverBow Resources in a report on Monday, February 12th. They issued a “buy” rating and a $41.00 price objective on the stock.

Institutional Trading of SilverBow Resources

A number of institutional investors have recently bought and sold shares of SBOW. DekaBank Deutsche Girozentrale bought a new position in SilverBow Resources during the 3rd quarter worth about $50,000. Allspring Global Investments Holdings LLC increased its position in SilverBow Resources by 138.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock worth $91,000 after purchasing an additional 1,815 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in SilverBow Resources by 33.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,303 shares of the company’s stock worth $125,000 after buying an additional 1,089 shares during the period. ORG Partners LLC boosted its stake in shares of SilverBow Resources by 8,624.0% in the fourth quarter. ORG Partners LLC now owns 4,362 shares of the company’s stock valued at $127,000 after purchasing an additional 4,312 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in SilverBow Resources in the first quarter valued at approximately $214,000. 91.83% of the stock is currently owned by institutional investors.

SilverBow Resources Price Performance

SBOW stock opened at $38.35 on Friday. The company has a fifty day moving average price of $33.66 and a 200-day moving average price of $30.70. The company has a market capitalization of $979.46 million, a P/E ratio of 5.18 and a beta of 2.52. SilverBow Resources has a 52-week low of $22.14 and a 52-week high of $43.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.63 and a current ratio of 0.63.

SilverBow Resources (NYSE:SBOW) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.25. The firm had revenue of $256.68 million during the quarter, compared to the consensus estimate of $272.27 million. SilverBow Resources had a net margin of 24.41% and a return on equity of 16.48%. During the same period in the previous year, the firm posted $0.95 earnings per share. As a group, equities analysts expect that SilverBow Resources will post 8.64 EPS for the current year.

SilverBow Resources Company Profile

SilverBow Resources, Inc, an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.