SilverBow Resources Inc (NYSE:SBOW) Director Marcus C. Rowland sold 1,786 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $12.60, for a total transaction of $22,503.60. Following the completion of the sale, the director now directly owns 66,699 shares of the company’s stock, valued at approximately $840,407.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
SBOW traded down $0.68 on Friday, hitting $9.98. 128,337 shares of the stock were exchanged, compared to its average volume of 45,086. SilverBow Resources Inc has a 12 month low of $7.10 and a 12 month high of $26.66. The business has a 50-day moving average of $9.35 and a two-hundred day moving average of $11.66. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $128.44 million, a price-to-earnings ratio of 1.57 and a beta of 0.52.
Several equities research analysts recently weighed in on SBOW shares. TheStreet raised shares of SilverBow Resources from a “d” rating to a “c-” rating in a research report on Thursday, September 12th. ValuEngine cut shares of SilverBow Resources from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Northland Securities reaffirmed a “buy” rating and set a $14.00 price objective on shares of SilverBow Resources in a research report on Sunday, September 1st. Finally, Zacks Investment Research cut shares of SilverBow Resources from a “buy” rating to a “hold” rating in a research report on Friday.
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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