SilverBow Resources Inc. (NYSE:SBOW) Announces Quarterly Earnings Results, Beats Estimates By $0.38 EPS
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.
TRADEMARK VIOLATION WARNING: This piece was first posted by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/08/08/silverbow-resources-inc-nysesbow-announces-quarterly-earnings-results-beats-estimates-by-0-38-eps.html.
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
Receive News & Ratings for SilverBow Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SilverBow Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.