SilverBow Resources (NYSE:SBOW) was downgraded by SunTrust Banks from a “buy” rating to a “hold” rating in a report issued on Monday, The Fly reports.

SBOW has been the subject of a number of other research reports. ValuEngine cut shares of SilverBow Resources from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded shares of SilverBow Resources from a “strong sell” rating to a “hold” rating and set a $34.00 price target for the company in a research note on Thursday, July 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. SilverBow Resources currently has an average rating of “Hold” and a consensus price target of $33.20.

SBOW traded up $0.51 during trading hours on Monday, hitting $29.02. 15,029 shares of the company’s stock were exchanged, compared to its average volume of 28,993. SilverBow Resources has a 1-year low of $21.53 and a 1-year high of $34.76. The stock has a market capitalization of $332.63 million, a price-to-earnings ratio of 4.77 and a beta of 0.73. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.32.

SilverBow Resources (NYSE:SBOW) last announced its earnings results on Tuesday, August 7th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.55). SilverBow Resources had a return on equity of 24.31% and a net margin of 23.04%. The business had revenue of $51.35 million for the quarter, compared to analyst estimates of $48.05 million. research analysts predict that SilverBow Resources will post 5.19 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in SBOW. Dimensional Fund Advisors LP lifted its stake in SilverBow Resources by 115.6% in the first quarter. Dimensional Fund Advisors LP now owns 109,577 shares of the company’s stock valued at $3,189,000 after acquiring an additional 58,744 shares during the last quarter. BlackRock Inc. lifted its stake in SilverBow Resources by 9.0% in the second quarter. BlackRock Inc. now owns 367,415 shares of the company’s stock valued at $10,610,000 after acquiring an additional 30,432 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in SilverBow Resources by 935.0% in the first quarter. Russell Investments Group Ltd. now owns 26,590 shares of the company’s stock valued at $773,000 after acquiring an additional 24,021 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in SilverBow Resources in the first quarter valued at $660,000. Finally, Matarin Capital Management LLC acquired a new stake in SilverBow Resources in the first quarter valued at $575,000. Hedge funds and other institutional investors own 81.03% of the company’s stock.

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, 2017, it had proved reserves of 1.0 trillion cubic feet equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.

Featured Story: Using the New Google Finance Tool

The Fly

Receive News & Ratings for SilverBow Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SilverBow Resources and related companies with MarketBeat.com's FREE daily email newsletter.