Vanguard Group Inc. Has $32.54 Million Position in SilverBow Resources, Inc. (NYSE:SBOW)

Vanguard Group Inc. raised its position in SilverBow Resources, Inc. (NYSE:SBOW - Free Report) by 18.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 909,694 shares of the company's stock after purchasing an additional 143,071 shares during the period. Vanguard Group Inc. owned approximately 3.58% of SilverBow Resources worth $32,540,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of SilverBow Resources by 175.1% in the first quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the company's stock valued at $30,000 after buying an additional 830 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of SilverBow Resources in the third quarter valued at approximately $50,000. Ameritas Investment Partners Inc. boosted its holdings in shares of SilverBow Resources by 65.9% in 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 period. Point72 Hong Kong Ltd acquired a new position in shares of SilverBow Resources in the second quarter valued at approximately $61,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of SilverBow Resources by 116.7% in 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 period. Institutional investors own 91.83% of the company's stock.

SilverBow Resources Stock Down 2.2 %

SBOW traded down $0.74 during trading hours on Friday, hitting $33.08. 301,533 shares of the company's stock were exchanged, compared to its average volume of 386,373. 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's 50-day moving average is $31.07 and its two-hundred day moving average is $30.95. SilverBow Resources, Inc. has a 1-year low of $21.08 and a 1-year high of $43.95. The stock has a market cap of $844.20 million, a price-to-earnings ratio of 2.72 and a beta of 2.46.

SilverBow Resources (NYSE:SBOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.89). SilverBow Resources had a return on equity of 14.50% and a net margin of 45.64%. The firm had revenue of $212.04 million for the quarter, compared to the consensus estimate of $231.43 million. Sell-side analysts predict that SilverBow Resources, Inc. will post 8.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on SBOW. Citigroup began coverage on shares of SilverBow Resources in a report on Wednesday, December 20th. They issued a "neutral" rating and a $34.00 price target for the company. Truist Financial reduced their price target on shares of SilverBow Resources from $47.00 to $45.00 and set a "buy" rating for the company in a report on Friday, April 5th. Roth Mkm assumed coverage on shares of SilverBow Resources in a report on Monday, February 12th. They set a "buy" rating and a $41.00 target price for the company. TheStreet upgraded shares of 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 target price on shares of SilverBow Resources in a report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $44.50.

SilverBow Resources 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.