SilverBow Resources Inc. (NYSE:SBOW) insider Sean C. Woolverton bought 1,102 shares of the stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average price of $22.57 per share, for a total transaction of $24,872.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of SilverBow Resources Inc. (NYSE SBOW) traded up $0.23 during midday trading on Friday, hitting $22.87. The company had a trading volume of 38,121 shares, compared to its average volume of 36,573. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.55. SilverBow Resources Inc. has a 52-week low of $19.89 and a 52-week high of $35.70.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pentwater Capital Management LP acquired a new stake in SilverBow Resources in the second quarter valued at $15,114,000. Matlinpatterson Global Advisers LLC acquired a new stake in SilverBow Resources in the second quarter valued at $9,405,000. Wells Fargo & Company MN lifted its holdings in SilverBow Resources by 2.3% in the third quarter. Wells Fargo & Company MN now owns 292,404 shares of the company’s stock valued at $7,178,000 after acquiring an additional 6,628 shares during the period. Vanguard Group Inc. acquired a new stake in SilverBow Resources in the second quarter valued at $4,637,000. Finally, State Street Corp acquired a new stake in SilverBow Resources in the second quarter valued at $1,834,000. 30.14% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on SBOW shares. Zacks Investment Research raised SilverBow Resources from a “sell” rating to a “hold” rating in a report on Friday, November 10th. BidaskClub raised SilverBow Resources from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Northland Securities started coverage on SilverBow Resources in a report on Thursday, September 28th. They set an “outperform” rating and a $42.00 price target for the company. Finally, Stephens started coverage on SilverBow Resources in a report on Friday, September 29th. They set an “overweight” rating and a $28.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $31.67.
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About SilverBow Resources
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