SilverBow Resources, Inc. (NYSE:SBOW) Director Marcus C. Rowland Acquires 10,000 Shares

SilverBow Resources, Inc. (NYSE:SBOW) Director Marcus C. Rowland bought 10,000 shares of SilverBow Resources stock in a transaction dated Monday, September 18th. The stock was purchased at an average cost of $37.00 per share, for a total transaction of $370,000.00. Following the purchase, the director now owns 29,386 shares of the company’s stock, valued at approximately $1,087,282. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

SilverBow Resources Stock Up 1.8 %

Shares of SBOW stock traded up $0.63 on Monday, hitting $35.65. The stock had a trading volume of 551,435 shares, compared to its average volume of 323,101. SilverBow Resources, Inc. has a one year low of $19.13 and a one year high of $43.95. The business has a 50 day moving average price of $37.56 and a 200 day moving average price of $29.16. The company has a market cap of $806.40 million, a PE ratio of 1.82 and a beta of 2.37. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.79.

SilverBow Resources (NYSE:SBOW) last posted its earnings results on Wednesday, August 2nd. The company reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. SilverBow Resources had a net margin of 61.53% and a return on equity of 37.43%. The business had revenue of $126.40 million for the quarter, compared to the consensus estimate of $137.43 million. Research analysts anticipate that SilverBow Resources, Inc. will post 4.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of SilverBow Resources from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. KeyCorp increased their price target on SilverBow Resources from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, August 17th. Northland Securities raised their price target on SilverBow Resources from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 15th. Finally, TheStreet raised SilverBow Resources from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd.

Institutional Trading of SilverBow Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in shares of SilverBow Resources by 175.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the company’s stock worth $30,000 after purchasing an additional 830 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of SilverBow Resources by 65.9% in the 2nd 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 in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of SilverBow Resources in the 2nd quarter worth approximately $61,000. Osaic Holdings Inc. raised its stake in shares of SilverBow Resources by 116.7% during the 2nd quarter. Osaic Holdings Inc. now owns 2,210 shares of the company’s stock worth $64,000 after acquiring an additional 1,190 shares in the last quarter. Finally, Pinnacle Holdings LLC purchased a new stake in SilverBow Resources during the first quarter valued at approximately $61,000. Institutional investors own 87.38% of the company’s stock.

SilverBow Resources Company Profile

SilverBow Resources, Inc, an oil and gas company, engages in exploration, development, acquisition, and operation of 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.