SilverBow Resources (NYSE:SBOW) PT Lowered to $45.00 at Truist Financial

SilverBow Resources (NYSE:SBOW - Get Free Report) had its target price lowered by equities researchers at Truist Financial from $47.00 to $45.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price target suggests a potential upside of 33.25% from the company's previous close.

Several other equities analysts have also issued reports on SBOW. KeyCorp lowered SilverBow Resources from an "overweight" rating to a "sector weight" rating in a research report on Thursday, January 11th. Mizuho reiterated a "buy" rating and issued a $42.00 price objective on shares of SilverBow Resources in a research report on Friday. Roth Mkm started 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 upgraded SilverBow Resources from a "c" rating to a "b-" rating in a research report on Wednesday, February 28th. Finally, Citigroup started 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, SilverBow Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

SilverBow Resources Price Performance

SBOW traded down $0.15 during trading on Friday, reaching $33.77. 191,207 shares of the company were exchanged, compared to its average volume of 390,232. The company's 50-day moving average is $30.35 and its two-hundred day moving average is $30.95. The company has a market cap of $858.77 million, a price-to-earnings ratio of 2.77 and a beta of 2.46. 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 12-month low of $21.08 and a 12-month high of $43.95.

SilverBow Resources (NYSE:SBOW - Get Free Report) last issued 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 company had revenue of $212.04 million for the quarter, compared to analysts' expectations of $231.43 million. SilverBow Resources had a return on equity of 14.50% and a net margin of 45.64%. Research analysts forecast that SilverBow Resources will post 8.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in shares of SilverBow Resources by 175.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the company's stock valued at $30,000 after purchasing an additional 830 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in SilverBow Resources during the third quarter valued at $50,000. Ameritas Investment Partners Inc. raised its stake in SilverBow Resources by 65.9% during the second quarter. Ameritas Investment Partners Inc. now owns 1,460 shares of the company's stock valued at $43,000 after buying an additional 580 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in SilverBow Resources during the second quarter valued at $61,000. Finally, Osaic Holdings Inc. raised its stake in SilverBow Resources by 116.7% during the second quarter. Osaic Holdings Inc. now owns 2,210 shares of the company's stock valued at $64,000 after buying an additional 1,190 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

About SilverBow Resources

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.