SilverBow Resources Inc. (SBOW) Earns Overweight Rating from Analysts at Stephens
Stephens initiated coverage on shares of SilverBow Resources Inc. (NYSE:SBOW) in a research report released on Friday, MarketBeat.com reports. The firm issued an overweight rating and a $28.00 price objective on the stock.
SBOW has been the subject of several other reports. BidaskClub raised shares of SilverBow Resources from a strong sell rating to a sell rating in a research report on Friday, September 15th. Seaport Global Securities assumed coverage on shares of SilverBow Resources in a research report on Tuesday, August 1st. They issued a neutral rating and a $25.00 price objective on the stock. Johnson Rice began coverage on shares of SilverBow Resources in a research report on Thursday, June 8th. They issued a buy rating on the stock. Finally, Northland Securities began coverage on shares of SilverBow Resources in a research note on Thursday. They set an outperform rating and a $42.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $31.67.
SilverBow Resources (NYSE:SBOW) opened at 24.55 on Friday. SilverBow Resources has a one year low of $19.89 and a one year high of $35.70. The stock has a market capitalization of $282.96 million and a PE ratio of 0.61. The firm has a 50-day moving average of $22.33 and a 200 day moving average of $25.59.
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In other SilverBow Resources news, CEO Sean C. Woolverton bought 982 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were purchased at an average cost of $25.49 per share, for a total transaction of $25,031.18. Following the purchase, the chief executive officer now directly owns 62,698 shares in the company, valued at $1,598,172.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sean C. Woolverton bought 1,106 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average price of $22.72 per share, for a total transaction of $25,128.32. Following the completion of the purchase, the chief executive officer now owns 63,804 shares in the company, valued at $1,449,626.88. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 4,608 shares of company stock valued at $109,869.
A number of large investors have recently made changes to their positions in the stock. Matlinpatterson Global Advisers LLC purchased a new stake in SilverBow Resources in the second quarter valued at about $9,405,000. Kornitzer Capital Management Inc. KS acquired a new stake in SilverBow Resources in the second quarter worth about $862,000. SG Americas Securities LLC acquired a new stake in SilverBow Resources in the second quarter worth about $148,000. Schwab Charles Investment Management Inc. acquired a new stake in SilverBow Resources in the second quarter worth about $309,000. Finally, Spark Investment Management LLC acquired a new stake in SilverBow Resources in the second quarter worth about $279,000. 31.00% of the stock is currently owned by institutional investors.
SilverBow Resources Company Profile
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