SilverBow Resources, Inc. (NYSE:SBOW) – Equities researchers at Seaport Global Securities raised their Q4 2017 EPS estimates for shares of SilverBow Resources in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now anticipates that the company will post earnings of $1.35 per share for the quarter, up from their previous estimate of $1.17. Seaport Global Securities currently has a “Buy” rating and a $25.00 target price on the stock. Seaport Global Securities also issued estimates for SilverBow Resources’ Q1 2018 earnings at $2.26 EPS, Q2 2018 earnings at $1.47 EPS, Q3 2018 earnings at $1.34 EPS, Q4 2018 earnings at $1.57 EPS and FY2018 earnings at $6.64 EPS.
A number of other research firms have also issued reports on SBOW. BidaskClub raised shares of SilverBow Resources from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. Stephens began coverage on shares of SilverBow Resources in a report on Friday, September 29th. They issued an “overweight” rating and a $28.00 price objective for the company. Zacks Investment Research raised shares of SilverBow Resources from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Northland Securities began coverage on shares of SilverBow Resources in a report on Thursday, September 28th. They issued an “outperform” rating and a $42.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.50.
SilverBow Resources (SBOW) traded up $0.35 during trading hours on Friday, reaching $32.82. 65,697 shares of the company’s stock were exchanged, compared to its average volume of 62,461. SilverBow Resources has a 52 week low of $19.89 and a 52 week high of $33.80. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.
Institutional investors have recently made changes to their positions in the business. Nationwide Fund Advisors purchased a new position in SilverBow Resources in the second quarter valued at approximately $104,000. SG Americas Securities LLC purchased a new position in SilverBow Resources in the second quarter valued at approximately $148,000. The Manufacturers Life Insurance Company purchased a new position in SilverBow Resources in the second quarter valued at approximately $157,000. New York State Common Retirement Fund purchased a new position in SilverBow Resources in the second quarter valued at approximately $196,000. Finally, Virtu KCG Holdings LLC purchased a new position in SilverBow Resources in the second quarter valued at approximately $229,000. Institutional investors own 30.06% of the company’s stock.
In other news, insider Sean C. Woolverton bought 1,102 shares of SilverBow Resources stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of $23.54 per share, with a total value of $25,941.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sean C. Woolverton bought 1,119 shares of SilverBow Resources stock in a transaction that occurred on Monday, October 16th. The stock was purchased at an average cost of $22.86 per share, for a total transaction of $25,580.34. The disclosure for this purchase can be found here. Insiders have bought 5,450 shares of company stock worth $127,712 in the last three months.
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