SilverBow Resources (NYSE:SBOW) PT Raised to $47.00

SilverBow Resources (NYSE:SBOW) had its price objective lifted by investment analysts at Truist Financial from $45.00 to $47.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 37.47% from the stock’s current price.

SBOW has been the subject of a number of other research reports. Mizuho boosted their target price on shares of SilverBow Resources from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. KeyCorp downgraded shares of SilverBow Resources from an “overweight” rating to a “sector weight” rating in a research note on Thursday, January 11th. TheStreet upgraded shares of SilverBow Resources from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. Finally, Roth Mkm started coverage on shares of SilverBow Resources in a research note on Monday, February 12th. They set a “buy” rating and a $41.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.00.

SilverBow Resources Stock Performance

NYSE:SBOW opened at $34.19 on Tuesday. The company has a fifty day simple moving average of $32.54 and a two-hundred day simple moving average of $30.57. The company has a market cap of $873.21 million, a price-to-earnings ratio of 4.62 and a beta of 2.52. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.88. SilverBow Resources has a 52 week low of $22.00 and a 52 week high of $43.95.

SilverBow Resources (NYSE:SBOW) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.84 by $0.25. The business had revenue of $256.68 million during the quarter, compared to the consensus estimate of $272.27 million. SilverBow Resources had a net margin of 24.41% and a return on equity of 16.48%. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, equities analysts anticipate that SilverBow Resources will post 8.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SilverBow Resources

Several large investors have recently bought and sold shares of SBOW. Harbor Capital Advisors Inc. raised its holdings in shares of SilverBow Resources by 33.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,303 shares of the company’s stock valued at $125,000 after buying an additional 1,089 shares during the last quarter. Callahan Advisors LLC raised its holdings in shares of SilverBow Resources by 10.4% in the fourth quarter. Callahan Advisors LLC now owns 12,700 shares of the company’s stock valued at $369,000 after buying an additional 1,200 shares during the last quarter. Montgomery Investment Management Inc. raised its holdings in shares of SilverBow Resources by 8.7% in the fourth quarter. Montgomery Investment Management Inc. now owns 15,550 shares of the company’s stock valued at $452,000 after buying an additional 1,250 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of SilverBow Resources in the third quarter valued at about $50,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of SilverBow Resources by 138.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock valued at $91,000 after buying an additional 1,815 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

About SilverBow Resources

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.