SilverBow Resources Inc. (NYSE:SBOW) posted its earnings results on Tuesday. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.38, reports. SilverBow Resources had a return on equity of 879.06% and a net margin of 503.12%.

Shares of SilverBow Resources (NYSE:SBOW) traded up 4.91% during midday trading on Tuesday, reaching $23.08. The company’s stock had a trading volume of 18,934 shares. The firm has a market capitalization of $264.91 million and a price-to-earnings ratio of 0.36. SilverBow Resources has a 52 week low of $18.01 and a 52 week high of $34.00. The firm’s 50 day moving average is $25.27 and its 200 day moving average is $27.61.

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Several equities analysts recently issued reports on SBOW shares. Seaport Global Securities started coverage on SilverBow Resources in a research note on Tuesday, August 1st. They set a “neutral” rating and a $25.00 target price on the stock. Johnson Rice started coverage on SilverBow Resources in a research note on Thursday, June 8th. They set a “buy” rating on the stock.

In other news, CEO Sean C. Woolverton bought 982 shares of SilverBow Resources stock in a transaction that occurred on Monday, July 17th. The shares were purchased at an average price of $25.49 per share, for a total transaction of $25,031.18. Following the completion of the acquisition, the chief executive officer now owns 62,698 shares of the company’s stock, valued at $1,598,172.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sean C. Woolverton bought 924 shares of SilverBow Resources stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $27.63 per share, for a total transaction of $25,530.12. Following the acquisition, the chief executive officer now directly owns 59,969 shares of the company’s stock, valued at approximately $1,656,943.47. The disclosure for this purchase can be found here. Insiders purchased 4,649 shares of company stock worth $126,881 in the last quarter.

About SilverBow Resources

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