SilverBow Resources Inc (SBOW) COO Buys $17,742.24 in Stock

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.

Several hedge funds and other institutional investors have recently bought and sold shares of SBOW. BlackRock Inc. lifted its holdings in SilverBow Resources by 0.8% in the third quarter. BlackRock Inc. now owns 370,192 shares of the company’s stock worth $9,872,000 after buying an additional 2,777 shares during the period. Dimensional Fund Advisors LP lifted its holdings in SilverBow Resources by 42.7% in the second quarter. Dimensional Fund Advisors LP now owns 156,339 shares of the company’s stock worth $4,515,000 after buying an additional 46,762 shares during the period. Bank of New York Mellon Corp lifted its holdings in SilverBow Resources by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 90,455 shares of the company’s stock worth $2,612,000 after buying an additional 2,379 shares during the period. Northern Trust Corp lifted its holdings in SilverBow Resources by 3.9% in the first quarter. Northern Trust Corp now owns 79,276 shares of the company’s stock worth $2,307,000 after buying an additional 2,954 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in SilverBow Resources by 43.9% in the third quarter. Martingale Asset Management L P now owns 64,226 shares of the company’s stock worth $1,713,000 after buying an additional 19,603 shares during the period. 81.33% of the stock is currently owned by institutional investors.

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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