SilverBow Resources, Inc. (NYSE:SBOW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of SilverBow Resources, Inc. (NYSE:SBOW) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $44.50.

Several equities analysts recently commented on SBOW shares. Truist Financial decreased their price target on shares of SilverBow Resources from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Roth Mkm began coverage on shares of SilverBow Resources in a research report on Monday, February 12th. They set a “buy” rating and a $41.00 target price for the company. KeyCorp downgraded shares of SilverBow Resources from an “overweight” rating to a “sector weight” rating in a research report on Thursday, January 11th. TheStreet upgraded SilverBow Resources from a “c” rating to a “b-” rating in a report on Wednesday, February 28th. Finally, Mizuho restated a “buy” rating and set a $42.00 price objective on shares of SilverBow Resources in a research note on Friday, April 5th.

Hedge Funds Weigh In On SilverBow Resources

Several hedge funds have recently made changes to their positions in the business. Callahan Advisors LLC grew its stake in shares of SilverBow Resources by 6.5% in the third quarter. Callahan Advisors LLC now owns 11,500 shares of the company’s stock worth $411,000 after acquiring an additional 700 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in 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. Montgomery Investment Management Inc. raised its stake in shares of SilverBow Resources by 8.7% in the fourth quarter. Montgomery Investment Management Inc. now owns 15,550 shares of the company’s stock worth $452,000 after buying an additional 1,250 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of SilverBow Resources in the third quarter worth about $50,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of SilverBow Resources by 138.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock worth $91,000 after buying an additional 1,815 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

SilverBow Resources Stock Performance

Shares of SBOW stock opened at $32.03 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $817.41 million, a P/E ratio of 2.63 and a beta of 2.46. The company’s 50 day moving average price is $31.88 and its two-hundred day moving average price is $30.76. SilverBow Resources has a 52 week low of $21.08 and a 52 week high of $43.95.

SilverBow Resources (NYSE:SBOW) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.89). The business had revenue of $212.04 million during the quarter, compared to analyst estimates of $231.43 million. SilverBow Resources had a net margin of 45.64% and a return on equity of 14.50%. On average, analysts expect that SilverBow Resources will post 8.37 earnings per share for the current fiscal year.

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.