DekaBank Deutsche Girozentrale Acquires 1,877 Shares of SilverBow Resources, Inc. (NYSE:SBOW)

DekaBank Deutsche Girozentrale raised its holdings in shares of SilverBow Resources, Inc. (NYSE:SBOW) by 134.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,268 shares of the company’s stock after acquiring an additional 1,877 shares during the period. DekaBank Deutsche Girozentrale’s holdings in SilverBow Resources were worth $93,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of SilverBow Resources by 175.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the company’s stock valued at $30,000 after buying an additional 830 shares during the period. Ameritas Investment Partners Inc. boosted its stake in SilverBow Resources by 65.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,460 shares of the company’s stock worth $43,000 after purchasing an additional 580 shares during the period. Point72 Hong Kong Ltd acquired a new position in SilverBow Resources in the 2nd quarter worth $61,000. Osaic Holdings Inc. boosted its stake in SilverBow Resources by 116.7% in the 2nd quarter. Osaic Holdings Inc. now owns 2,210 shares of the company’s stock worth $64,000 after purchasing an additional 1,190 shares during the period. Finally, Barclays PLC boosted its stake in SilverBow Resources by 534.0% in the 4th quarter. Barclays PLC now owns 3,151 shares of the company’s stock worth $89,000 after purchasing an additional 2,654 shares during the period. Institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SBOW shares. Roth Mkm initiated coverage on shares of SilverBow Resources in a research note on Monday, February 12th. They issued a “buy” rating and a $41.00 target price for the company. KeyCorp cut shares of SilverBow Resources from an “overweight” rating to a “sector weight” rating in a research report on Thursday, January 11th. Citigroup assumed coverage on shares of SilverBow Resources in a research report on Wednesday, December 20th. They set a “neutral” rating and a $34.00 price target on the stock. Truist Financial dropped their target price on shares of SilverBow Resources from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Mizuho reaffirmed a “buy” rating and issued a $42.00 target price on shares of SilverBow Resources in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, SilverBow Resources presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

SilverBow Resources Stock Down 5.7 %

SilverBow Resources stock opened at $30.01 on Thursday. The stock has a market cap of $765.86 million, a P/E ratio of 2.46 and a beta of 2.46. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.99. SilverBow Resources, Inc. has a twelve month low of $21.08 and a twelve month high of $43.95. The company’s 50-day moving average price is $31.37 and its two-hundred day moving average price is $30.83.

SilverBow Resources (NYSE:SBOW) last released its quarterly earnings results on Wednesday, February 28th. The company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.89). The company had revenue of $212.04 million during the quarter, compared to the consensus estimate of $231.43 million. SilverBow Resources had a net margin of 45.64% and a return on equity of 14.50%. As a group, analysts expect that SilverBow Resources, Inc. will post 8.37 EPS for the current year.

SilverBow Resources 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.