SilverBow Resources, Inc. (SBOW) Insider Buys $25,120.61 in Stock

SilverBow Resources, Inc. (NYSE:SBOW) insider Sean C. Woolverton acquired 761 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was purchased at an average cost of $33.01 per share, for a total transaction of $25,120.61. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SilverBow Resources, Inc. (NYSE:SBOW) traded down $0.05 during midday trading on Friday, hitting $32.24. 77,115 shares of the company were exchanged, compared to its average volume of 55,249. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.50. SilverBow Resources, Inc. has a 1 year low of $19.89 and a 1 year high of $33.80.

SilverBow Resources (NYSE:SBOW) last posted its earnings results on Monday, November 6th. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.21. SilverBow Resources had a net margin of 23.27% and a return on equity of 30.10%. research analysts forecast that SilverBow Resources, Inc. will post 5.5 EPS for the current fiscal year.

A number of equities research analysts have commented on SBOW shares. Seaport Global Securities raised shares of SilverBow Resources from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, December 19th. Zacks Investment Research downgraded shares of SilverBow Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. BidaskClub downgraded shares of SilverBow Resources from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Stephens started coverage on shares of SilverBow Resources in a research report on Friday, September 29th. They issued an “overweight” rating and a $28.00 price objective on the stock. Finally, Northland Securities started coverage on shares of SilverBow Resources in a research report on Thursday, September 28th. They issued an “outperform” rating and a $42.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $32.50.

Several hedge funds and other institutional investors have recently bought and sold shares of SBOW. Nationwide Fund Advisors purchased a new position in shares of SilverBow Resources in the 2nd quarter valued at $104,000. Acadian Asset Management LLC purchased a new position in shares of SilverBow Resources in the 4th quarter valued at $109,000. SG Americas Securities LLC purchased a new position in shares of SilverBow Resources in the 2nd quarter valued at $148,000. The Manufacturers Life Insurance Company purchased a new position in shares of SilverBow Resources in the 2nd quarter valued at $157,000. Finally, Bank of Montreal Can purchased a new position in shares of SilverBow Resources in the 4th quarter valued at $158,000. 30.06% of the stock is currently owned by hedge funds and other institutional investors.

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SilverBow Resources Company Profile

SilverBow Resources is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. With almost 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which they leverage to assemble drilling inventory.

Insider Buying and Selling by Quarter for SilverBow Resources (NYSE:SBOW)

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