Q2 2024 Earnings Estimate for SilverBow Resources, Inc. Issued By Roth Capital (NYSE:SBOW)

SilverBow Resources, Inc. (NYSE:SBOW) – Roth Capital reduced their Q2 2024 earnings per share estimates for SilverBow Resources in a note issued to investors on Wednesday, May 1st. Roth Capital analyst L. Mariani now anticipates that the company will post earnings per share of $1.59 for the quarter, down from their prior estimate of $1.62. The consensus estimate for SilverBow Resources’ current full-year earnings is $8.21 per share. Roth Capital also issued estimates for SilverBow Resources’ Q3 2024 earnings at $2.22 EPS, Q4 2024 earnings at $2.27 EPS, FY2024 earnings at $7.42 EPS, Q1 2025 earnings at $2.16 EPS and Q2 2025 earnings at $2.00 EPS.

Other equities research analysts have also recently issued research reports about the stock. Roth Mkm assumed coverage on shares of SilverBow Resources in a research report on Monday, February 12th. They set a “buy” rating and a $41.00 price target for the company. KeyCorp cut SilverBow Resources from an “overweight” rating to a “sector weight” rating in a research note on Thursday, January 11th. TheStreet raised SilverBow Resources from a “c” rating to a “b-” rating in a research report on Wednesday, February 28th. Truist Financial cut their price objective on SilverBow Resources from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Mizuho boosted their target price on SilverBow Resources from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, SilverBow Resources has an average rating of “Moderate Buy” and an average target price of $44.67.

SilverBow Resources Stock Performance

NYSE:SBOW opened at $33.52 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.63 and a current ratio of 0.63. SilverBow Resources has a fifty-two week low of $22.00 and a fifty-two week high of $43.95. The business has a 50 day moving average price of $32.31 and a 200-day moving average price of $30.56. The firm has a market cap of $856.10 million, a PE ratio of 4.53 and a beta of 2.52.

SilverBow Resources (NYSE:SBOW) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.25. SilverBow Resources had a return on equity of 16.48% and a net margin of 24.41%. The business had revenue of $256.68 million for the quarter, compared to analyst estimates of $272.27 million. During the same period last year, the company earned $0.95 EPS.

Institutional Investors Weigh In On SilverBow Resources

Hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new stake in SilverBow Resources during the 3rd quarter valued at about $50,000. Allspring Global Investments Holdings LLC increased its position in shares of SilverBow Resources by 138.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock valued at $91,000 after acquiring an additional 1,815 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in SilverBow Resources by 33.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,303 shares of the company’s stock worth $125,000 after acquiring an additional 1,089 shares during the last quarter. ORG Partners LLC lifted its position in SilverBow Resources by 8,624.0% in the 4th quarter. ORG Partners LLC now owns 4,362 shares of the company’s stock valued at $127,000 after acquiring an additional 4,312 shares in the last quarter. Finally, CoreCommodity Management LLC purchased a new stake in SilverBow Resources during the 4th quarter valued at $241,000. Institutional investors own 91.83% of the company’s stock.

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.