Equities analysts forecast that SilverBow Resources, Inc. (NYSE:SBOW) will announce earnings per share of $1.42 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for SilverBow Resources’ earnings. The highest EPS estimate is $1.48 and the lowest is $1.35. The company is expected to announce its next earnings results after the market closes on Wednesday, February 28th.

On average, analysts expect that SilverBow Resources will report full-year earnings of $5.50 per share for the current financial year. For the next year, analysts expect that the business will report earnings of $5.98 per share, with EPS estimates ranging from $5.31 to $6.64. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for SilverBow Resources.

A number of brokerages have recently issued reports on SBOW. Zacks Investment Research upgraded shares of SilverBow Resources from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. BidaskClub cut shares of SilverBow Resources from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 7th. Finally, Seaport Global Securities upgraded shares of SilverBow Resources from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.50.

Shares of SilverBow Resources (NYSE:SBOW) traded down $1.05 during mid-day trading on Wednesday, hitting $27.68. 33,334 shares of the stock were exchanged, compared to its average volume of 47,727. SilverBow Resources has a 52 week low of $19.89 and a 52 week high of $33.21. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.

In other SilverBow Resources news, insider Sean C. Woolverton acquired 1,102 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was bought at an average price of $23.54 per share, for a total transaction of $25,941.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sean C. Woolverton acquired 761 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was acquired at an average price of $33.01 per share, with a total value of $25,120.61. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 4,861 shares of company stock valued at $127,285.

Several hedge funds have recently made changes to their positions in SBOW. Pentwater Capital Management LP increased its position in shares of SilverBow Resources by 48.7% during the 4th quarter. Pentwater Capital Management LP now owns 805,223 shares of the company’s stock worth $23,931,000 after purchasing an additional 263,555 shares in the last quarter. Vanguard Group Inc. acquired a new stake in shares of SilverBow Resources during the 2nd quarter worth about $4,637,000. State Street Corp acquired a new stake in shares of SilverBow Resources during the 2nd quarter worth about $1,834,000. Northern Trust Corp acquired a new stake in shares of SilverBow Resources during the 2nd quarter worth about $1,762,000. Finally, Bank of New York Mellon Corp increased its position in shares of SilverBow Resources by 269.1% during the 4th quarter. Bank of New York Mellon Corp now owns 84,634 shares of the company’s stock worth $2,516,000 after purchasing an additional 61,706 shares in the last quarter. Institutional investors own 28.06% of the company’s stock.

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SilverBow Resources Company Profile

SilverBow Resources is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. With almost 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which they leverage to assemble drilling inventory.

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