Q2 2024 EPS Estimates for SilverBow Resources, Inc. (NYSE:SBOW) Cut by Roth Capital

SilverBow Resources, Inc. (NYSE:SBOW) – Roth Capital cut their Q2 2024 earnings per share (EPS) estimates for shares of SilverBow Resources in a report issued on Wednesday, May 1st. Roth Capital analyst L. Mariani now expects that the company will post earnings per share of $1.59 for the quarter, down from their previous estimate of $1.62. The consensus estimate for SilverBow Resources’ current full-year earnings is $8.21 per share. Roth Capital also issued estimates for SilverBow Resources’ Q3 2024 earnings at $2.22 EPS, Q4 2024 earnings at $2.27 EPS, FY2024 earnings at $7.42 EPS, Q1 2025 earnings at $2.16 EPS and Q2 2025 earnings at $2.00 EPS.

SilverBow Resources (NYSE:SBOW) last posted its earnings results on Wednesday, May 1st. The company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.25. SilverBow Resources had a return on equity of 17.04% and a net margin of 24.41%. The company had revenue of $256.68 million for the quarter, compared to the consensus estimate of $272.27 million. During the same quarter in the prior year, the company earned $0.95 earnings per share.

A number of other equities research analysts also recently issued reports on SBOW. KeyCorp downgraded shares of SilverBow Resources from an “overweight” rating to a “sector weight” rating in a research note on Thursday, January 11th. Roth Mkm initiated coverage on SilverBow Resources in a report on Monday, February 12th. They issued a “buy” rating and a $41.00 price objective for the company. Truist Financial dropped their target price on SilverBow Resources from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. TheStreet upgraded shares of SilverBow Resources from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. Finally, Mizuho raised their price target on SilverBow Resources from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, SilverBow Resources currently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

SilverBow Resources Price Performance

NYSE SBOW opened at $31.00 on Monday. SilverBow Resources has a fifty-two week low of $21.08 and a fifty-two week high of $43.95. The company has a market capitalization of $791.12 million, a PE ratio of 4.19 and a beta of 2.52. The business’s fifty day moving average is $32.19 and its 200 day moving average is $30.57. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.05 and a current ratio of 1.05.

Institutional Investors Weigh In On SilverBow Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new stake in SilverBow Resources in the third quarter valued at approximately $50,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of SilverBow Resources by 138.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock valued at $91,000 after purchasing an additional 1,815 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of SilverBow Resources by 33.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,303 shares of the company’s stock valued at $125,000 after acquiring an additional 1,089 shares during the period. ORG Partners LLC raised its holdings in shares of SilverBow Resources by 8,624.0% in the fourth quarter. ORG Partners LLC now owns 4,362 shares of the company’s stock valued at $127,000 after buying an additional 4,312 shares during the last quarter. Finally, CoreCommodity Management LLC acquired a new stake in SilverBow Resources during the 4th quarter worth approximately $241,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

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.