SilverBow Resources Inc (NYSE:SBOW) COO Steven W. Adam acquired 666 shares of SilverBow Resources stock in a transaction dated Tuesday, November 6th. The shares were bought at an average cost of $26.64 per share, for a total transaction of $17,742.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE:SBOW opened at $28.76 on Friday. SilverBow Resources Inc has a 12-month low of $22.05 and a 12-month high of $34.76. The stock has a market cap of $312.91 million, a PE ratio of 4.73 and a beta of 0.58. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.32.
SilverBow Resources (NYSE:SBOW) last posted its earnings results on Tuesday, November 6th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.64). The business had revenue of $65.03 million during the quarter, compared to the consensus estimate of $61.10 million. SilverBow Resources had a return on equity of 20.36% and a net margin of 18.88%. As a group, analysts anticipate that SilverBow Resources Inc will post 5.2 EPS for the current year.
SBOW has been the topic of a number of recent research reports. SunTrust Banks cut SilverBow Resources from a “buy” rating to a “hold” rating and reduced their price objective for the company from $37.00 to $30.00 in a research note on Monday, September 24th. Zacks Investment Research cut SilverBow Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 10th. Finally, ValuEngine cut SilverBow Resources from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th.
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About SilverBow Resources
SilverBow Resources, Inc, an energy company, engages in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. As of December 31, 2017, it had proved reserves of 1.0 trillion cubic feet equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.
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