DekaBank Deutsche Girozentrale Purchases 1,877 Shares of SilverBow Resources, Inc. (NYSE:SBOW)

DekaBank Deutsche Girozentrale increased its position in shares of SilverBow Resources, Inc. (NYSE:SBOW) by 134.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,268 shares of the company’s stock after buying an additional 1,877 shares during the period. DekaBank Deutsche Girozentrale’s holdings in SilverBow Resources were worth $93,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in SilverBow Resources by 120.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 280,240 shares of the company’s stock worth $8,149,000 after purchasing an additional 152,987 shares during the period. Guild Investment Management Inc. grew its holdings in SilverBow Resources by 34.7% in the fourth quarter. Guild Investment Management Inc. now owns 49,675 shares of the company’s stock worth $1,445,000 after purchasing an additional 12,790 shares during the period. Harbor Capital Advisors Inc. grew its holdings in SilverBow Resources by 33.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,303 shares of the company’s stock worth $125,000 after purchasing an additional 1,089 shares during the period. Vanguard Group Inc. grew its holdings in SilverBow Resources by 18.7% in the third quarter. Vanguard Group Inc. now owns 909,694 shares of the company’s stock worth $32,540,000 after purchasing an additional 143,071 shares during the period. Finally, Wesbanco Bank Inc. grew its holdings in SilverBow Resources by 150.7% in the third quarter. Wesbanco Bank Inc. now owns 27,934 shares of the company’s stock worth $999,000 after purchasing an additional 16,790 shares during the period. Institutional investors own 91.83% of the company’s stock.

SilverBow Resources Stock Down 5.7 %

Shares of NYSE SBOW opened at $30.01 on Thursday. SilverBow Resources, Inc. has a 1 year low of $21.08 and a 1 year high of $43.95. The stock has a market capitalization of $765.86 million, a P/E ratio of 2.46 and a beta of 2.46. The company has a 50-day moving average price of $31.37 and a 200-day moving average price of $30.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.05 and a quick ratio of 1.05.

SilverBow Resources (NYSE:SBOW) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.89). SilverBow Resources had a return on equity of 14.50% and a net margin of 45.64%. The firm had revenue of $212.04 million during the quarter, compared to the consensus estimate of $231.43 million. On average, equities research analysts forecast that SilverBow Resources, Inc. will post 8.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on SBOW shares. Truist Financial reduced their price target on shares of SilverBow Resources from $47.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 5th. Roth Mkm began coverage on shares of SilverBow Resources in a report on Monday, February 12th. They set a “buy” rating and a $41.00 price objective for the company. Mizuho reiterated a “buy” rating and set a $42.00 price objective on shares of SilverBow Resources in a report on Friday, April 5th. TheStreet upgraded shares of SilverBow Resources from a “c” rating to a “b-” rating in a report on Wednesday, February 28th. Finally, Citigroup began coverage on shares of SilverBow Resources in a report on Wednesday, December 20th. They set a “neutral” rating and a $34.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.50.

SilverBow Resources 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.