Wall Street analysts predict that SilverBow Resources, Inc. (NYSE:SBOW) will report sales of $53.35 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for SilverBow Resources’ earnings. The highest sales estimate is $57.00 million and the lowest is $49.70 million. SilverBow Resources reported sales of $69.85 million during the same quarter last year, which indicates a negative year-over-year growth rate of 23.6%. The firm is scheduled to issue its next earnings report on Wednesday, March 3rd.
According to Zacks, analysts expect that SilverBow Resources will report full year sales of $177.30 million for the current year, with estimates ranging from $173.60 million to $181.00 million. For the next year, analysts anticipate that the company will report sales of $236.20 million, with estimates ranging from $214.40 million to $258.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow SilverBow Resources.
SilverBow Resources (NYSE:SBOW) last posted its earnings results on Wednesday, November 4th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($1.28). The company had revenue of $45.70 million during the quarter, compared to the consensus estimate of $51.35 million. SilverBow Resources had a negative net margin of 126.28% and a negative return on equity of 2.61%.
Separately, Zacks Investment Research raised SilverBow Resources from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a report on Wednesday, January 6th.
Shares of SBOW traded up $0.21 during trading hours on Wednesday, reaching $6.08. 100,328 shares of the company’s stock traded hands, compared to its average volume of 88,341. The firm has a market capitalization of $72.58 million, a price-to-earnings ratio of -0.26 and a beta of 2.81. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.40 and a quick ratio of 1.40. SilverBow Resources has a twelve month low of $1.50 and a twelve month high of $9.26. The business’s fifty day simple moving average is $5.57 and its two-hundred day simple moving average is $4.62.
Large investors have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC acquired a new position in SilverBow Resources during the third quarter worth about $87,000. Jane Street Group LLC acquired a new position in SilverBow Resources during the second quarter worth about $65,000. GWM Advisors LLC acquired a new position in SilverBow Resources during the third quarter worth about $64,000. Bridgeway Capital Management Inc. grew its holdings in SilverBow Resources by 224.7% during the second quarter. Bridgeway Capital Management Inc. now owns 246,151 shares of the company’s stock worth $790,000 after acquiring an additional 170,351 shares during the period. Finally, James Investment Research Inc. acquired a new position in shares of SilverBow Resources in the 3rd quarter valued at $64,000. 55.31% of the stock is currently owned by hedge funds and other institutional investors.
SilverBow Resources Company Profile
SilverBow Resources, Inc, an energy company, engages in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. As of December 31, 2019, it had proved reserves of 1,420 billion cubic feet of natural gas equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.
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