SilverBow Resources (NYSE:SBOW) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of SilverBow Resources (NYSE:SBOW) from a hold rating to a buy rating in a research note published on Friday morning, Zacks.com reports. They currently have $12.00 price objective on the stock.
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. “
SBOW has been the topic of several other research reports. Northland Securities reissued a buy rating and set a $14.00 target price on shares of SilverBow Resources in a research report on Sunday, September 1st. ValuEngine downgraded SilverBow Resources from a hold rating to a sell rating in a research report on Friday, November 1st. Finally, TheStreet raised SilverBow Resources from a d rating to a c- rating in a research report on Thursday, September 12th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBOW. BlackRock Inc. increased its position in shares of SilverBow Resources by 12.8% during the 2nd quarter. BlackRock Inc. now owns 454,939 shares of the company’s stock valued at $6,301,000 after purchasing an additional 51,466 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of SilverBow Resources during the 2nd quarter valued at approximately $347,000. Bailard Inc. bought a new position in shares of SilverBow Resources during the 3rd quarter valued at approximately $126,000. Parametric Portfolio Associates LLC boosted its holdings in SilverBow Resources by 57.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 31,113 shares of the company’s stock valued at $431,000 after acquiring an additional 11,397 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in SilverBow Resources by 19.7% during the 2nd quarter. Acadian Asset Management LLC now owns 45,431 shares of the company’s stock valued at $628,000 after acquiring an additional 7,467 shares during the period. 82.13% 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, 2018, it had proved reserves of 1,345 MMcfe. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.
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