SilverBow Resources (NYSE:SBOW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “SilverBow Resources, Inc. engages in the exploration, development and production of oil and natural gas properties. Its primarily project includes the Eagle Ford wells, Burr Ferry, South Bearhead Creek and Lake Washington fields. SilverBow Resources, Inc. is headquartered in Houston, TX. “

Several other equities analysts have also weighed in on the stock. Seaport Global Securities raised shares of SilverBow Resources from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday. BidaskClub lowered shares of SilverBow Resources from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Stephens assumed coverage on shares of SilverBow Resources in a research report on Friday, September 29th. They set an “overweight” rating and a $28.00 price objective on the stock. Finally, Northland Securities assumed coverage on shares of SilverBow Resources in a research report on Thursday, September 28th. They set an “outperform” rating and a $42.00 price objective on the stock. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $31.67.

Shares of SilverBow Resources (SBOW) opened at $24.42 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.50. SilverBow Resources has a fifty-two week low of $19.89 and a fifty-two week high of $35.70.

In other news, insider Sean C. Woolverton purchased 1,102 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were bought at an average price of $23.54 per share, with a total value of $25,941.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sean C. Woolverton purchased 1,119 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was purchased at an average cost of $22.86 per share, for a total transaction of $25,580.34. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 5,563 shares of company stock worth $127,838.

Several large investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors bought a new position in shares of SilverBow Resources in the second quarter valued at approximately $104,000. SG Americas Securities LLC acquired a new stake in shares of SilverBow Resources in the second quarter worth $148,000. The Manufacturers Life Insurance Company acquired a new stake in shares of SilverBow Resources in the second quarter worth $157,000. Wells Fargo & Company MN grew its stake in shares of SilverBow Resources by 2.3% in the third quarter. Wells Fargo & Company MN now owns 292,404 shares of the company’s stock worth $7,178,000 after acquiring an additional 6,628 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of SilverBow Resources in the second quarter worth $196,000. 30.06% of the stock is currently owned by institutional investors.

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SilverBow Resources Company Profile

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