Kore Advisors LP Takes $9.37 Million Position in SilverBow Resources, Inc. (NYSE:SBOW)

Kore Advisors LP acquired a new stake in shares of SilverBow Resources, Inc. (NYSE:SBOW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 322,074 shares of the company's stock, valued at approximately $9,366,000. SilverBow Resources accounts for approximately 2.5% of Kore Advisors LP's investment portfolio, making the stock its 4th largest holding. Kore Advisors LP owned 1.27% of SilverBow Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA bought a new position in SilverBow Resources during the fourth quarter valued at $1,404,000. Walleye Capital LLC purchased a new stake in shares of SilverBow Resources during the third quarter worth $1,395,000. Quadrature Capital Ltd purchased a new stake in shares of SilverBow Resources during the third quarter worth $1,429,000. Wellington Management Group LLP purchased a new stake in shares of SilverBow Resources during the third quarter worth $7,659,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of SilverBow Resources during the third quarter worth $4,769,000. 91.83% of the stock is owned by institutional investors.

SilverBow Resources Trading Down 1.1 %

Shares of NYSE:SBOW traded down $0.41 on Wednesday, reaching $37.69. 909,255 shares of the company traded hands, compared to its average volume of 476,128. The business's 50-day simple moving average is $33.37 and its 200 day simple moving average is $30.57. SilverBow Resources, Inc. has a 52 week low of $22.14 and a 52 week high of $43.95. The stock has a market capitalization of $962.60 million, a P/E ratio of 5.08 and a beta of 2.52. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.88.

SilverBow Resources (NYSE:SBOW - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.25. The company had revenue of $256.68 million for the quarter, compared to analysts' expectations of $272.27 million. SilverBow Resources had a return on equity of 16.48% and a net margin of 24.41%. During the same period last year, the firm earned $0.95 earnings per share. As a group, equities analysts anticipate that SilverBow Resources, Inc. will post 8.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SBOW has been the topic of several recent research reports. Mizuho downgraded SilverBow Resources from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 17th. TheStreet upgraded SilverBow Resources from a "c" rating to a "b-" rating in a research report on Wednesday, February 28th. Truist Financial increased their target price on SilverBow Resources from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, May 7th. Finally, Roth Mkm began coverage on SilverBow Resources in a research note on Monday, February 12th. They issued a "buy" rating and a $41.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, SilverBow Resources presently has a consensus rating of "Hold" and an average price target of $45.33.

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.

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