Wesbanco Bank Inc. Makes New Investment in SilverBow Resources, Inc. (NYSE:SBOW)

Wesbanco Bank Inc. acquired a new position in shares of SilverBow Resources, Inc. (NYSE:SBOW - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 27,934 shares of the company's stock, valued at approximately $954,000. Wesbanco Bank Inc. owned 0.11% of SilverBow Resources as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Denali Advisors LLC increased its holdings in shares of SilverBow Resources by 62.4% in the 1st quarter. Denali Advisors LLC now owns 40,600 shares of the company's stock valued at $1,386,000 after acquiring an additional 15,600 shares during the period. HBK Investments L P purchased a new position in SilverBow Resources in the fourth quarter valued at about $582,000. Wellington Management Group LLP raised its holdings in SilverBow Resources by 1.7% in the fourth quarter. Wellington Management Group LLP now owns 217,753 shares of the company's stock worth $6,332,000 after purchasing an additional 3,632 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in SilverBow Resources by 108.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 582,373 shares of the company's stock worth $16,935,000 after purchasing an additional 302,413 shares in the last quarter. Finally, Ranger Investment Management L.P. lifted its position in shares of SilverBow Resources by 4.6% during the fourth quarter. Ranger Investment Management L.P. now owns 200,954 shares of the company's stock valued at $5,844,000 after buying an additional 8,765 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on SBOW shares. Roth Mkm began coverage on shares of SilverBow Resources in a research note on Monday, February 12th. They set a "buy" rating and a $41.00 price objective for the company. Mizuho increased their price objective on SilverBow Resources from $42.00 to $43.00 and gave the company a "buy" rating in a report on Thursday. TheStreet raised SilverBow Resources from a "c" rating to a "b-" rating in a research report on Wednesday, February 28th. KeyCorp lowered SilverBow Resources from an "overweight" rating to a "sector weight" rating in a research report on Thursday, January 11th. Finally, Truist Financial lowered their price target on SilverBow Resources from $47.00 to $45.00 and set a "buy" rating for the company in a report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, SilverBow Resources presently has a consensus rating of "Moderate Buy" and an average price target of $44.67.

SilverBow Resources Stock Performance

Shares of NYSE SBOW traded up $0.41 during mid-day trading on Friday, hitting $31.00. The stock had a trading volume of 237,389 shares, compared to its average volume of 392,797. The firm has a market cap of $791.24 million, a PE ratio of 4.19 and a beta of 2.52. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50 day moving average of $32.19 and a two-hundred day moving average of $30.61. SilverBow Resources, Inc. has a twelve month low of $21.08 and a twelve month high of $43.95.

SilverBow Resources (NYSE:SBOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.25. The business had revenue of $256.68 million for the quarter, compared to analyst estimates of $272.27 million. SilverBow Resources had a return on equity of 17.04% and a net margin of 24.41%. During the same period in the prior year, the company earned $0.95 earnings per share. Research analysts predict that SilverBow Resources, Inc. will post 8.37 EPS for the current fiscal year.

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.

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