Stocks of SilverBow Resources Inc. (NYSE:SBOW) traded higher last session on Wall Street, up 1.25% to $21.88.
As we calculate the median target price by taking the range between a high of $70.00 and a low of $37.00, we find $48.00. Given the previous closing price of $21.61, this indicates a potential upside of 122.12 percent. SBOW stock price is now -14.04% away from the 50-day moving average and -32.47% away from the 200-day moving average. The market capitalization of the company currently stands at $516.59M.
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Brokers who have rated the stock have averaged $51.67 as their price target over the next twelve months.
With the price target of $58, KeyBanc Capital Markets recently initiated with Overweight rating for SilverBow Resources Inc. (NYSE: SBOW)., while ‘Johnson Rice’ rates the stock as ‘Buy’.
In other news, Strategic Value Partners, LLC, Director sold 81,448 shares of the company’s stock on Aug 29. The stock was sold for $3,621,993 at an average price of $44.47. Upon completion of the transaction, the Director now directly owns 4,112,540 shares in the company, valued at $89.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26, Director Strategic Value Partners, LLC sold 21,015 shares of the business’s stock. A total of $955,762 was realized by selling the stock at an average price of $45.48. This leaves the insider owning 4,193,988 shares of the company worth $91.76 million. Insiders disposed of 594,923 shares of company stock worth roughly $13.02 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SBOW stock. A new stake in SilverBow Resources Inc. shares was purchased by POST OAK ENERGY HOLDINGS, LLC during the first quarter worth $40,625,000. RIPOSTE CAPITAL LLC invested $14,303,000 in shares of SBOW during the first quarter. In the first quarter, COOPER CREEK PARTNERS MANAGEMENT LLC acquired a new stake in SilverBow Resources Inc. valued at approximately $11,365,000. PUBLIC SECTOR PENSION INVESTMENT BOARD acquired a new stake in SBOW for approximately $1,969,000. HRT FINANCIAL LP purchased a new stake in SBOW valued at around $1,793,000 in the second quarter. In total, there are 170 active investors with 94.14% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $21.10 for SilverBow Resources Inc. (NYSE: SBOW). During the past 12 months, SilverBow Resources Inc. has had a low of $20.15 and a high of $49.91. As of last week, the company has a debt-to-equity ratio of 0.87, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for SBOW is $25.45 and a two-hundred day moving average price translates $32.40 for the stock.
The latest earnings results from SilverBow Resources Inc. (NYSE: SBOW) was released for Sep, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $2.52, missing analysts’ expectations of $3.11 by -0.59. This compares to $8.60 EPS in the same period last year. The net profit margin was 45.20% and return on equity was 64.60% for SBOW. The company reported revenue of $198.98 million for the quarter, compared to $151.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.47 percent. For the current quarter, analysts expect SBOW to generate $194.77M in revenue.
SilverBow Resources Inc.(SBOW) Company Profile
SilverBow Resources, Inc., an oil and gas company, acquires and develops assets in the Eagle Ford shale and Austin Chalk located in South Texas. As of December 31, 2021, it had proved reserves of 1,416 billion cubic feet of natural gas equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc. in May 2017. SilverBow Resources, Inc. was founded in 1979 and is headquartered in Houston, Texas.
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