Analysts Set SilverBow Resources, Inc. (NYSE:SBOW) PT at $44.50

SilverBow Resources, Inc. (NYSE:SBOW) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $44.50.

Several brokerages have weighed in on SBOW. TheStreet upgraded shares of SilverBow Resources from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. Truist Financial cut their target price on shares of SilverBow Resources from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. KeyCorp cut SilverBow Resources from an “overweight” rating to a “sector weight” rating in a research note on Thursday, January 11th. Mizuho restated a “buy” rating and set a $42.00 price objective on shares of SilverBow Resources in a research report on Friday, April 5th. Finally, Roth Mkm started coverage on SilverBow Resources in a research note on Monday, February 12th. They set a “buy” rating and a $41.00 price target on the stock.

Institutional Investors Weigh In On SilverBow Resources

Several institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale bought a new stake in SilverBow Resources in the third quarter valued at approximately $50,000. Allspring Global Investments Holdings LLC raised its stake in SilverBow Resources by 138.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock worth $91,000 after buying an additional 1,815 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in SilverBow Resources by 33.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,303 shares of the company’s stock valued at $125,000 after buying an additional 1,089 shares during the period. ORG Partners LLC boosted its position in SilverBow Resources by 8,624.0% during the fourth quarter. ORG Partners LLC now owns 4,362 shares of the company’s stock valued at $127,000 after acquiring an additional 4,312 shares during the last quarter. Finally, CoreCommodity Management LLC acquired a new stake in SilverBow Resources during the 4th quarter worth about $241,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

SilverBow Resources Price Performance

Shares of NYSE SBOW opened at $31.45 on Tuesday. The firm has a market cap of $802.48 million, a P/E ratio of 2.58 and a beta of 2.46. The business’s 50 day moving average is $31.72 and its 200-day moving average is $30.77. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.99. SilverBow Resources has a 1-year low of $21.08 and a 1-year high of $43.95.

SilverBow Resources (NYSE:SBOW) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $1.47 earnings per share 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. Equities research analysts predict that SilverBow Resources will post 8.37 earnings per share for the current year.

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.