SilverBow Resources, Inc. (NYSE:SBOW) Receives $44.50 Consensus Price Target from Analysts

Shares of SilverBow Resources, Inc. (NYSE:SBOW) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $44.50.

SBOW has been the topic of several recent analyst reports. TheStreet upgraded shares of SilverBow Resources from a “c” rating to a “b-” rating in a report on Wednesday, February 28th. Roth Mkm assumed coverage on shares of SilverBow Resources in a report on Monday, February 12th. They issued a “buy” rating and a $41.00 price target on the stock. Mizuho restated a “buy” rating and issued a $42.00 price objective on shares of SilverBow Resources in a research report on Friday, April 5th. KeyCorp lowered shares of SilverBow Resources from an “overweight” rating to a “sector weight” rating in a report on Thursday, January 11th. Finally, Truist Financial reduced their price target on SilverBow Resources from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SBOW. SG Americas Securities LLC purchased a new stake in shares of SilverBow Resources in the 3rd quarter worth about $954,000. Denali Advisors LLC purchased a new stake in SilverBow Resources in the third quarter worth about $1,123,000. Callahan Advisors LLC increased its stake in shares of SilverBow Resources by 6.5% during the third quarter. Callahan Advisors LLC now owns 11,500 shares of the company’s stock valued at $411,000 after purchasing an additional 700 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SilverBow Resources by 12.9% during the third quarter. Bank of New York Mellon Corp now owns 151,156 shares of the company’s stock valued at $5,407,000 after purchasing an additional 17,326 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of SilverBow Resources in the 3rd quarter worth approximately $461,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

SilverBow Resources Stock Up 2.3 %

SBOW opened at $31.45 on Tuesday. SilverBow Resources has a 12 month low of $21.08 and a 12 month high of $43.95. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average price is $31.72 and its 200-day moving average price is $30.77. The company has a market cap of $802.48 million, a P/E ratio of 2.58 and a beta of 2.46.

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