Mizuho Raises SilverBow Resources (NYSE:SBOW) Price Target to $43.00

SilverBow Resources (NYSE:SBOW - Get Free Report) had its target price increased by Mizuho from $42.00 to $43.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Mizuho's target price would indicate a potential upside of 40.71% from the stock's previous close.

Several other equities analysts also recently commented on the company. KeyCorp downgraded 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 research report on Wednesday, February 28th. Truist Financial cut their target price on SilverBow Resources from $47.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, April 5th. Finally, Roth Mkm started coverage on SilverBow Resources in a research report on Monday, February 12th. They set a "buy" rating and a $41.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $44.67.

SilverBow Resources Stock Performance

Shares of SBOW stock traded up $1.39 during mid-day trading on Thursday, reaching $30.56. The stock had a trading volume of 582,464 shares, compared to its average volume of 393,165. The firm's 50 day simple moving average is $32.07 and its 200 day simple moving average is $30.68. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.99. SilverBow Resources has a one year low of $21.08 and a one year high of $43.95. The firm has a market cap of $779.89 million, a PE ratio of 2.54 and a beta of 2.52.

SilverBow Resources (NYSE:SBOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.25. SilverBow Resources had a return on equity of 14.50% and a net margin of 45.64%. The company had revenue of $256.68 million during the quarter, compared to the consensus estimate of $272.27 million. During the same quarter last year, the company earned $0.95 EPS. On average, analysts forecast that SilverBow Resources will post 8.37 EPS for the current year.

Institutional Investors Weigh In On SilverBow Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of SilverBow Resources in the 3rd quarter valued at $50,000. Allspring Global Investments Holdings LLC increased its stake in shares of SilverBow Resources by 138.4% in 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 period. Harbor Capital Advisors Inc. increased its stake in shares of SilverBow Resources by 33.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,303 shares of the company's stock valued at $125,000 after buying an additional 1,089 shares during the period. ORG Partners LLC increased its stake in shares of SilverBow Resources by 8,624.0% in the 4th quarter. ORG Partners LLC now owns 4,362 shares of the company's stock valued at $127,000 after buying an additional 4,312 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of SilverBow Resources in the 3rd quarter valued at $255,000. 91.83% of the stock is owned by institutional investors and hedge funds.

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.