Insider Selling: SilverBow Resources, Inc. (NYSE:SBOW) CEO Sells 10,000 Shares of Stock

SilverBow Resources, Inc. (NYSE:SBOW – Get Rating) CEO Sean C. Woolverton sold 10,000 shares of the stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. Following the sale, the chief executive officer now owns 240,721 shares of the company’s stock, valued at approximately $9,628,840. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

SBOW stock opened at $38.40 on Friday. SilverBow Resources, Inc. has a one year low of $7.60 and a one year high of $40.37. The stock has a market capitalization of $645.12 million, a PE ratio of 7.77 and a beta of 2.20. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.46 and a current ratio of 0.46. The company has a fifty day moving average of $29.44 and a 200-day moving average of $26.64.

SilverBow Resources (NYSE:SBOW – Get Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported $4.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.27 by $1.29. SilverBow Resources had a net margin of 21.31% and a return on equity of 90.37%. During the same period in the previous year, the business earned $0.77 earnings per share. Equities analysts forecast that SilverBow Resources, Inc. will post 7.6 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its stake in shares of SilverBow Resources by 1,266.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 1,353 shares of the company’s stock valued at $29,000 after purchasing an additional 1,254 shares during the period. Morgan Stanley increased its holdings in SilverBow Resources by 105.1% during the 2nd quarter. Morgan Stanley now owns 1,442 shares of the company’s stock valued at $34,000 after acquiring an additional 739 shares in the last quarter. Barclays PLC increased its holdings in SilverBow Resources by 409.8% during the 3rd quarter. Barclays PLC now owns 2,131 shares of the company’s stock valued at $52,000 after acquiring an additional 1,713 shares in the last quarter. Schroder Investment Management Group purchased a new position in SilverBow Resources during the 4th quarter valued at about $91,000. Finally, Deutsche Bank AG purchased a new position in SilverBow Resources during the 3rd quarter valued at about $174,000. Hedge funds and other institutional investors own 65.22% of the company’s stock.

A number of analysts recently weighed in on SBOW shares. TheStreet upgraded shares of SilverBow Resources from a “d+” rating to a “c+” rating in a research note on Thursday, March 3rd. Truist Financial reduced their target price on shares of SilverBow Resources from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 14th. Finally, Zacks Investment Research cut shares of SilverBow Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 20th.

About SilverBow Resources (Get Rating)

SilverBow Resources, Inc, an oil and gas company, acquires and develops assets in the Eagle Ford shale and Austin Chalk located in South Texas. As of December 31, 2021, it had proved reserves of 1,416 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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