SilverBow Resources (NYSE:SBOW) Price Target Raised to $43.00 at Mizuho

SilverBow Resources (NYSE:SBOW) had its price target upped by Mizuho from $42.00 to $43.00 in a research note published on Thursday, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on SBOW. TheStreet raised SilverBow Resources from a c rating to a b- rating in a research report on Wednesday, February 28th. KeyCorp downgraded shares of SilverBow Resources from an overweight rating to a sector weight rating in a research report on Thursday, January 11th. Roth Mkm initiated coverage on shares of SilverBow Resources in a report on Monday, February 12th. They issued a buy rating and a $41.00 price target on the stock. Finally, Truist Financial decreased their price objective on shares of SilverBow Resources from $47.00 to $45.00 and set a buy rating for the company in a report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $44.67.

SilverBow Resources Stock Up 1.3 %

Shares of NYSE SBOW opened at $31.00 on Thursday. SilverBow Resources has a 12-month low of $21.08 and a 12-month high of $43.95. The stock has a fifty day moving average price of $32.19 and a 200 day moving average price of $30.65. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.99. The company has a market cap of $791.12 million, a P/E ratio of 4.19 and a beta of 2.52.

SilverBow Resources (NYSE:SBOW) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.25. SilverBow Resources had a return on equity of 17.04% and a net margin of 24.41%. The firm had revenue of $256.68 million during the quarter, compared to analysts’ expectations of $272.27 million. During the same quarter in the prior year, the business earned $0.95 EPS. Research analysts anticipate that SilverBow Resources will post 8.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Walleye Capital LLC acquired a new stake in shares of SilverBow Resources in the 3rd quarter worth about $1,395,000. Quadrature Capital Ltd acquired a new stake in SilverBow Resources in the 3rd quarter valued at approximately $1,429,000. Wellington Management Group LLP acquired a new stake in SilverBow Resources in the 3rd quarter valued at approximately $7,659,000. Adage Capital Partners GP L.L.C. bought a new stake in SilverBow Resources during the 3rd quarter valued at $4,769,000. Finally, Swiss National Bank boosted its position in SilverBow Resources by 12.5% during the 3rd quarter. Swiss National Bank now owns 33,200 shares of the company’s stock worth $1,188,000 after acquiring an additional 3,700 shares during the period. 91.83% of the stock is currently owned by institutional investors.

SilverBow Resources Company Profile

SilverBow Resources, Inc, an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.