SilverBow Resources, Inc. (NYSE:SBOW) Given Consensus Recommendation of "Moderate Buy" by Brokerages

SilverBow Resources, Inc. (NYSE:SBOW - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $45.33.

SBOW has been the topic of several research reports. Truist Financial cut their price objective on SilverBow Resources from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Monday, December 4th. Mizuho raised their price objective on SilverBow Resources from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Friday, March 15th. Roth Mkm initiated coverage on SilverBow Resources in a research report on Monday, February 12th. They issued a "buy" rating and a $41.00 price objective on the stock. TheStreet raised SilverBow Resources from a "c" rating to a "b-" rating in a research report on Wednesday, February 28th. Finally, Citigroup initiated coverage on SilverBow Resources in a research report on Wednesday, December 20th. They issued a "neutral" rating and a $34.00 price objective on the stock.

SilverBow Resources Trading Down 1.6 %

Shares of SBOW stock traded down $0.55 during mid-day trading on Friday, hitting $34.14. 385,576 shares of the company's stock were exchanged, compared to its average volume of 479,626. SilverBow Resources has a fifty-two week low of $21.08 and a fifty-two week high of $43.95. The stock has a 50-day simple moving average of $29.61 and a two-hundred day simple moving average of $31.07. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.99. The stock has a market cap of $868.18 million, a price-to-earnings ratio of 2.80 and a beta of 2.45.

SilverBow Resources (NYSE:SBOW - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $2.36 by ($0.89). SilverBow Resources had a net margin of 45.64% and a return on equity of 14.50%. The firm had revenue of $212.04 million during the quarter, compared to analyst estimates of $231.43 million. Equities analysts expect that SilverBow Resources will post 8.53 EPS for the current fiscal year.

Hedge Funds Weigh In On SilverBow Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of SBOW. State Street Corp boosted its stake in SilverBow Resources by 333.6% in the third quarter. State Street Corp now owns 1,007,014 shares of the company's stock valued at $27,069,000 after acquiring an additional 774,760 shares during the period. Riposte Capital LLC boosted its position in shares of SilverBow Resources by 70.7% during the second quarter. Riposte Capital LLC now owns 1,700,000 shares of the company's stock worth $49,504,000 after buying an additional 704,113 shares during the period. Citigroup Inc. boosted its position in shares of SilverBow Resources by 2,874.9% during the third quarter. Citigroup Inc. now owns 617,075 shares of the company's stock worth $22,073,000 after buying an additional 596,332 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of SilverBow Resources by 151.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 642,940 shares of the company's stock worth $18,697,000 after buying an additional 387,276 shares during the period. Finally, BlackRock Inc. boosted its position in shares of SilverBow Resources by 35.8% during the second quarter. BlackRock Inc. now owns 1,227,039 shares of the company's stock worth $35,731,000 after buying an additional 323,413 shares during the period. 91.83% of the stock is currently 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.