SilverBow Resources, Inc. (NYSE:SBOW) Director Sells $193,680.00 in Stock

SilverBow Resources, Inc. (NYSE:SBOW – Get Rating) Director Marcus C. Rowland sold 8,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $24.21, for a total transaction of $193,680.00. Following the sale, the director now owns 19,386 shares of the company’s stock, valued at $469,335.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SilverBow Resources Stock Performance

Shares of NYSE:SBOW opened at $24.38 on Friday. The company has a market cap of $551.48 million, a price-to-earnings ratio of 1.06 and a beta of 2.34. The company has a 50-day moving average price of $23.05 and a 200-day moving average price of $26.56. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.80. SilverBow Resources, Inc. has a 12 month low of $19.13 and a 12 month high of $49.91.

SilverBow Resources (NYSE:SBOW – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The company reported $7.65 EPS for the quarter, beating the consensus estimate of $2.42 by $5.23. The firm had revenue of $198.98 million during the quarter, compared to the consensus estimate of $194.77 million. SilverBow Resources had a net margin of 65.36% and a return on equity of 46.45%. As a group, equities analysts anticipate that SilverBow Resources, Inc. will post 9.08 EPS for the current year.

Hedge Funds Weigh In On SilverBow Resources

Several hedge funds and other institutional investors have recently modified their holdings of SBOW. IPG Investment Advisors LLC bought a new position in SilverBow Resources in the third quarter worth about $323,000. New York State Common Retirement Fund raised its stake in SilverBow Resources by 15.9% in the fourth quarter. New York State Common Retirement Fund now owns 32,007 shares of the company’s stock worth $905,000 after buying an additional 4,392 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in SilverBow Resources by 217.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,293 shares of the company’s stock worth $137,000 after buying an additional 2,940 shares in the last quarter. Jane Street Group LLC bought a new position in SilverBow Resources in the first quarter worth about $1,101,000. Finally, Delphia USA Inc. bought a new position in SilverBow Resources in the first quarter worth about $227,000. 88.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on SBOW. TheStreet lowered shares of SilverBow Resources from a “b-” rating to a “c” rating in a research report on Thursday, May 4th. Truist Financial upped their price target on shares of SilverBow Resources from $37.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, April 11th.

SilverBow Resources Company Profile

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SilverBow Resources, Inc engages in the exploration, development, and production of oil and gas. It is focused on acquiring and developing assets in the Eagle Ford Shale and Austin Chalk. The firm’s operations are focused in six fields: Artesia, AWP, Fasken, Eastern Eagle Food and Southern Eagle Ford Gas.