Zacks Investment Research lowered shares of SilverBow Resources (NYSE:SBOW) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

According to Zacks, “SilverBow Resources, Inc. engages in the exploration, development and production of oil and natural gas properties. Its primarily project includes the Eagle Ford wells, Burr Ferry, South Bearhead Creek and Lake Washington fields. SilverBow Resources, Inc. is headquartered in Houston, TX. “

Several other research analysts have also recently issued reports on the company. BidaskClub raised SilverBow Resources from a strong sell rating to a sell rating in a research report on Friday, September 15th. Northland Securities began coverage on SilverBow Resources in a research report on Thursday, September 28th. They set an outperform rating and a $42.00 price objective for the company. Seaport Global Securities raised SilverBow Resources from a neutral rating to a buy rating and set a $25.00 price objective for the company in a research report on Tuesday. Finally, Stephens began coverage on SilverBow Resources in a research report on Friday, September 29th. They set an overweight rating and a $28.00 price objective for the company. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $31.67.

SilverBow Resources (NYSE:SBOW) traded up $1.04 on Wednesday, reaching $25.49. The company had a trading volume of 118,153 shares, compared to its average volume of 57,582. SilverBow Resources has a 1 year low of $19.89 and a 1 year high of $34.77. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.

In other news, CEO Sean C. Woolverton bought 1,119 shares of SilverBow Resources stock in a transaction dated Monday, October 16th. The stock was acquired at an average cost of $22.86 per share, with a total value of $25,580.34. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sean C. Woolverton bought 1,102 shares of SilverBow Resources stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of $23.54 per share, with a total value of $25,941.08. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 5,563 shares of company stock valued at $127,838.

Several institutional investors have recently bought and sold shares of SBOW. Schwab Charles Investment Management Inc. purchased a new stake in shares of SilverBow Resources in the 2nd quarter valued at about $309,000. SG Americas Securities LLC purchased a new stake in SilverBow Resources during the 2nd quarter valued at approximately $148,000. Bank of New York Mellon Corp purchased a new stake in SilverBow Resources during the 2nd quarter valued at approximately $623,000. Wells Fargo & Company MN purchased a new stake in SilverBow Resources during the 2nd quarter valued at approximately $7,476,000. Finally, Teachers Advisors LLC purchased a new stake in SilverBow Resources during the 2nd quarter valued at approximately $317,000. 30.06% of the stock is owned by institutional investors and hedge funds.

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About SilverBow Resources

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