Zacks: Analysts Anticipate SilverBow Resources Inc (SBOW) Will Post Earnings of $1.39 Per Share
Brokerages forecast that SilverBow Resources Inc (NYSE:SBOW) will report earnings of $1.39 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for SilverBow Resources’ earnings, with estimates ranging from $1.02 to $1.76. SilverBow Resources reported earnings of $0.20 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 595%. The company is expected to report its next earnings results on Tuesday, August 6th.
On average, analysts expect that SilverBow Resources will report full year earnings of $6.42 per share for the current year, with EPS estimates ranging from $5.38 to $7.45. For the next year, analysts expect that the firm will report earnings of $6.27 per share, with EPS estimates ranging from $5.73 to $6.80. Zacks’ EPS calculations are an average based on a survey of analysts that cover SilverBow Resources.
SilverBow Resources (NYSE:SBOW) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.19). The firm had revenue of $72.06 million for the quarter, compared to analysts’ expectations of $68.80 million. SilverBow Resources had a return on equity of 33.18% and a net margin of 29.72%.
Several institutional investors and hedge funds have recently modified their holdings of SBOW. Vanguard Group Inc lifted its stake in SilverBow Resources by 4.1% in the third quarter. Vanguard Group Inc now owns 319,285 shares of the company’s stock worth $8,515,000 after acquiring an additional 12,466 shares during the period. Dimensional Fund Advisors LP lifted its stake in SilverBow Resources by 18.0% in the third quarter. Dimensional Fund Advisors LP now owns 184,460 shares of the company’s stock worth $4,920,000 after acquiring an additional 28,121 shares during the period. DW Partners LP lifted its stake in SilverBow Resources by 5.3% in the fourth quarter. DW Partners LP now owns 1,820,053 shares of the company’s stock worth $43,026,000 after acquiring an additional 91,053 shares during the period. Martingale Asset Management L P lifted its stake in SilverBow Resources by 15.4% in the fourth quarter. Martingale Asset Management L P now owns 74,126 shares of the company’s stock worth $1,753,000 after acquiring an additional 9,900 shares during the period. Finally, Rhumbline Advisers purchased a new stake in SilverBow Resources in the fourth quarter worth about $245,000. 83.42% of the stock is owned by hedge funds and other institutional investors.
NYSE SBOW traded up $0.11 on Friday, hitting $15.59. 12,994 shares of the stock were exchanged, compared to its average volume of 27,559. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $188.08 million, a price-to-earnings ratio of 2.46 and a beta of 0.17. SilverBow Resources has a 52-week low of $15.24 and a 52-week high of $31.94.
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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