SilverBow Resources, Inc. (NYSE:SBOW) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of SilverBow Resources, Inc. (NYSE:SBOW) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $44.50.

A number of brokerages recently weighed in on SBOW. Mizuho restated a “buy” rating and set a $42.00 price objective on shares of SilverBow Resources in a research report on Friday, April 5th. Roth Mkm started coverage on SilverBow Resources in a report on Monday, February 12th. They set a “buy” rating and a $41.00 price target for the company. TheStreet upgraded SilverBow Resources from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. KeyCorp lowered shares of SilverBow Resources from an “overweight” rating to a “sector weight” rating in a research report on Thursday, January 11th. Finally, Truist Financial cut their target price on SilverBow Resources from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 5th.

SilverBow Resources Stock Performance

SilverBow Resources stock opened at $30.16 on Tuesday. The stock has a fifty day moving average price of $31.55 and a two-hundred day moving average price of $30.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $769.68 million, a P/E ratio of 2.48 and a beta of 2.46. SilverBow Resources has a 52-week low of $21.08 and a 52-week high of $43.95.

SilverBow Resources (NYSE:SBOW) last announced its earnings results 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 net margin of 45.64% and a return on equity of 14.50%. The firm had revenue of $212.04 million during the quarter, compared to analyst estimates of $231.43 million. As a group, analysts anticipate that SilverBow Resources will post 8.37 EPS for the current fiscal year.

Institutional Trading of SilverBow Resources

Large investors have recently bought and sold shares of the company. Callahan Advisors LLC grew its stake in shares of SilverBow Resources by 6.5% in the 3rd quarter. Callahan Advisors LLC now owns 11,500 shares of the company’s stock worth $411,000 after buying an additional 700 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of SilverBow Resources by 33.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,303 shares of the company’s stock valued at $125,000 after buying an additional 1,089 shares during the last quarter. Montgomery Investment Management Inc. grew its holdings in shares of SilverBow Resources by 8.7% during the fourth quarter. Montgomery Investment Management Inc. now owns 15,550 shares of the company’s stock valued at $452,000 after buying an additional 1,250 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in SilverBow Resources in the 3rd quarter worth approximately $50,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in SilverBow Resources by 138.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock worth $91,000 after acquiring an additional 1,815 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

About SilverBow Resources

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.