SilverBow Resources, Inc. (NYSE:SBOW) Holdings Raised by Foundry Partners LLC

Foundry Partners LLC raised its stake in shares of SilverBow Resources, Inc. (NYSE:SBOW) by 19.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,610 shares of the company’s stock after buying an additional 19,385 shares during the period. Foundry Partners LLC owned about 0.47% of SilverBow Resources worth $3,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Partners LLC raised its holdings in shares of SilverBow Resources by 8,624.0% during the fourth quarter. ORG Partners LLC now owns 4,362 shares of the company’s stock worth $127,000 after acquiring an additional 4,312 shares in the last quarter. Montgomery Investment Management Inc. raised its stake in shares of SilverBow Resources by 8.7% during the 4th quarter. Montgomery Investment Management Inc. now owns 15,550 shares of the company’s stock worth $452,000 after purchasing an additional 1,250 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of SilverBow Resources by 138.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock valued at $91,000 after buying an additional 1,815 shares during the last quarter. Callahan Advisors LLC grew its stake in shares of SilverBow Resources by 10.4% in the 4th quarter. Callahan Advisors LLC now owns 12,700 shares of the company’s stock valued at $369,000 after buying an additional 1,200 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in SilverBow Resources by 134.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 3,268 shares of the company’s stock worth $93,000 after buying an additional 1,877 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

SilverBow Resources Stock Performance

Shares of SBOW opened at $30.16 on Tuesday. The company has a market capitalization of $769.68 million, a PE ratio of 2.48 and a beta of 2.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.05 and a quick ratio of 1.05. SilverBow Resources, Inc. has a one year low of $21.08 and a one year high of $43.95. The company’s fifty day moving average price is $31.55 and its 200 day moving average price is $30.78.

SilverBow Resources (NYSE:SBOW) last issued 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 net margin of 45.64% and a return on equity of 14.50%. The business had revenue of $212.04 million during the quarter, compared to analyst estimates of $231.43 million. As a group, analysts expect that SilverBow Resources, Inc. will post 8.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SBOW shares. Truist Financial decreased their target price on shares of SilverBow Resources from $47.00 to $45.00 and set a “buy” rating for the company 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 research note on Thursday, January 11th. Mizuho reissued a “buy” rating and set a $42.00 target price on shares of SilverBow Resources in a research report on Friday, April 5th. TheStreet upgraded SilverBow Resources from a “c” rating to a “b-” rating in a report on Wednesday, February 28th. Finally, Roth Mkm initiated coverage on SilverBow Resources in a research note on Monday, February 12th. They set a “buy” rating and a $41.00 price target for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

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.