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

SilverBow Resources, Inc. (NYSE:SBOW) has earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $45.33.

Several research firms recently commented on SBOW. Roth Mkm began coverage on SilverBow Resources in a research report on Monday, February 12th. They set a “buy” rating and a $41.00 price target on the stock. Mizuho boosted their price target on SilverBow Resources from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. TheStreet raised SilverBow Resources from a “c” rating to a “b-” rating in a research report on Wednesday, February 28th. Citigroup began coverage on SilverBow Resources in a research report on Wednesday, December 20th. They set a “neutral” rating and a $34.00 price target on the stock. Finally, Truist Financial reduced their price target on SilverBow Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, December 4th.

Hedge Funds Weigh In On SilverBow Resources

A number of institutional investors have recently made changes to their positions in the business. Riposte Capital LLC increased its holdings in shares of SilverBow Resources by 70.7% in the 2nd quarter. Riposte Capital LLC now owns 1,700,000 shares of the company’s stock valued at $49,504,000 after acquiring an additional 704,113 shares during the last quarter. BlackRock Inc. increased its holdings in shares of SilverBow Resources by 35.8% in the 2nd quarter. BlackRock Inc. now owns 1,227,039 shares of the company’s stock valued at $35,731,000 after acquiring an additional 323,413 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of SilverBow Resources by 28.9% in the 4th quarter. Vanguard Group Inc. now owns 1,172,825 shares of the company’s stock valued at $34,106,000 after acquiring an additional 263,131 shares during the last quarter. FMR LLC increased its holdings in shares of SilverBow Resources by 9.8% in the 2nd quarter. FMR LLC now owns 1,010,070 shares of the company’s stock valued at $28,645,000 after acquiring an additional 90,425 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of SilverBow Resources by 333.6% in the 3rd quarter. State Street Corp now owns 1,007,014 shares of the company’s stock valued at $27,069,000 after acquiring an additional 774,760 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

SilverBow Resources Stock Down 1.6 %

Shares of NYSE:SBOW opened at $34.14 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.05 and a current ratio of 1.05. SilverBow Resources has a 1 year low of $21.08 and a 1 year high of $43.95. The stock has a market capitalization of $868.18 million, a P/E ratio of 2.80 and a beta of 2.45. The stock has a 50-day simple moving average of $29.45 and a 200-day simple moving average of $31.12.

SilverBow Resources (NYSE:SBOW) last issued 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 return on equity of 14.50% and a net margin of 45.64%. The firm had revenue of $212.04 million for the quarter, compared to analysts’ expectations of $231.43 million. Equities analysts forecast that SilverBow Resources will post 8.53 earnings per share 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.