SilverBow Resources' (SBOW) Buy Rating Reiterated at Mizuho

SilverBow Resources (NYSE:SBOW - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Mizuho in a report released on Friday, Benzinga reports. They presently have a $42.00 price objective on the stock. Mizuho's target price points to a potential upside of 24.37% from the stock's previous close.

Several other analysts have also issued reports on SBOW. TheStreet upgraded shares of SilverBow Resources from a "c" rating to a "b-" rating in a research report on Wednesday, February 28th. Citigroup assumed coverage on shares of SilverBow Resources in a research report on Wednesday, December 20th. They set a "neutral" rating and a $34.00 price target on the stock. Roth Mkm assumed coverage on shares of SilverBow Resources in a research report on Monday, February 12th. They set a "buy" rating and a $41.00 price target on the stock. Finally, KeyCorp lowered shares of SilverBow Resources from an "overweight" rating to a "sector weight" rating in a research report on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

SilverBow Resources Stock Performance

Shares of NYSE:SBOW traded down $0.15 on Friday, reaching $33.77. 191,207 shares of the company's stock were exchanged, compared to its average volume of 390,232. The company has a fifty day moving average of $30.35 and a 200-day moving average of $30.95. SilverBow Resources has a twelve month low of $21.08 and a twelve month high of $43.95. The company has a market capitalization of $858.77 million, a price-to-earnings ratio of 2.77 and a beta of 2.46. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.99.

SilverBow Resources (NYSE:SBOW - Get Free Report) last announced its earnings results 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). SilverBow Resources had a return on equity of 14.50% and a net margin of 45.64%. The business had revenue of $212.04 million for the quarter, compared to analyst estimates of $231.43 million. On average, research analysts predict that SilverBow Resources will post 8.53 EPS for the current fiscal year.

Hedge Funds Weigh In On SilverBow Resources

Several large investors have recently modified their holdings of the business. HBK Investments L P bought a new position in shares of SilverBow Resources during the fourth quarter valued at $582,000. Vanguard Group Inc. raised its stake in shares of SilverBow Resources by 28.9% during the fourth quarter. Vanguard Group Inc. now owns 1,172,825 shares of the company's stock valued at $34,106,000 after acquiring an additional 263,131 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of SilverBow Resources by 1.7% during the fourth quarter. Wellington Management Group LLP now owns 217,753 shares of the company's stock valued at $6,332,000 after acquiring an additional 3,632 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of SilverBow Resources by 108.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 582,373 shares of the company's stock valued at $16,935,000 after acquiring an additional 302,413 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of SilverBow Resources by 18.8% during the fourth quarter. American International Group Inc. now owns 10,487 shares of the company's stock valued at $305,000 after acquiring an additional 1,663 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

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.