SilverBow Resources (NYSE:SBOW) Stock Price Down 4.9%

SilverBow Resources, Inc. (NYSE:SBOW)’s share price was down 4.9% during mid-day trading on Tuesday . The stock traded as low as $30.38 and last traded at $30.76. Approximately 225,112 shares traded hands during trading, a decline of 41% from the average daily volume of 384,553 shares. The stock had previously closed at $32.35.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SBOW shares. Roth Mkm began coverage on shares of SilverBow Resources in a research report on Monday, February 12th. They issued a “buy” rating and a $41.00 price objective for the company. Mizuho restated a “buy” rating and set a $42.00 price objective on shares of SilverBow Resources in a research note on Friday, April 5th. KeyCorp downgraded SilverBow Resources from an “overweight” rating to a “sector weight” rating in a report on Thursday, January 11th. TheStreet raised shares of SilverBow Resources from a “c” rating to a “b-” rating in a research report on Wednesday, February 28th. Finally, Truist Financial cut their price target on shares of SilverBow Resources from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.50.

SilverBow Resources Stock Down 5.1 %

The stock has a fifty day moving average price of $31.19 and a two-hundred day moving average price of $30.87. The firm has a market capitalization of $783.46 million, a P/E ratio of 2.47 and a beta of 2.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.05 and a current ratio of 1.05.

SilverBow Resources (NYSE:SBOW) last issued its earnings results on Wednesday, February 28th. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.89). SilverBow Resources had a return on equity of 14.50% and a net margin of 45.64%. The business had revenue of $212.04 million for the quarter, compared to analyst estimates of $231.43 million. Research analysts forecast that SilverBow Resources, Inc. will post 8.37 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of SilverBow Resources by 35.8% during the second quarter. BlackRock Inc. now owns 1,227,039 shares of the company’s stock worth $35,731,000 after buying an additional 323,413 shares during the period. Vanguard Group Inc. grew its stake in shares of SilverBow Resources by 28.9% in the fourth quarter. Vanguard Group Inc. now owns 1,172,825 shares of the company’s stock worth $34,106,000 after purchasing an additional 263,131 shares in the last quarter. FMR LLC increased its holdings in shares of SilverBow Resources by 9.8% during the second quarter. FMR LLC now owns 1,010,070 shares of the company’s stock valued at $28,645,000 after purchasing an additional 90,425 shares during the period. State Street Corp raised its stake in shares of SilverBow Resources by 333.6% during the third quarter. State Street Corp now owns 1,007,014 shares of the company’s stock valued at $27,069,000 after purchasing an additional 774,760 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in SilverBow Resources by 151.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 642,940 shares of the company’s stock worth $18,697,000 after purchasing an additional 387,276 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.