SilverBow Resources, Inc. (NYSE:SBOW) – Research analysts at Seaport Global Securities raised their FY2017 earnings estimates for SilverBow Resources in a report released on Tuesday, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now anticipates that the company will post earnings of $5.50 per share for the year, up from their previous forecast of $5.12. Seaport Global Securities has a “Buy” rating and a $25.00 price target on the stock.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of SilverBow Resources from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Wednesday. BidaskClub upgraded shares of SilverBow Resources from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. Northland Securities assumed coverage on shares of SilverBow Resources in a report on Thursday, September 28th. They issued an “outperform” rating and a $42.00 target price on the stock. Finally, Stephens assumed coverage on shares of SilverBow Resources in a report on Friday, September 29th. They issued an “overweight” rating and a $28.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.50.
SilverBow Resources (NYSE SBOW) traded up $0.35 on Thursday, hitting $32.82. 65,697 shares of the company were exchanged, compared to its average volume of 62,461. 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 has a 12 month low of $19.89 and a 12 month high of $33.80.
In other news, CEO Sean C. Woolverton acquired 1,119 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was purchased at an average price of $22.86 per share, for a total transaction of $25,580.34. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sean C. Woolverton acquired 1,102 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was purchased at an average price of $23.54 per share, with a total value of $25,941.08. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 5,450 shares of company stock valued at $127,712.
Large investors have recently bought and sold shares of the business. Royal Bank of Canada purchased a new stake in SilverBow Resources in the 2nd quarter valued at about $265,000. Vanguard Group Inc. purchased a new stake in shares of SilverBow Resources during the 2nd quarter worth approximately $4,637,000. Goldman Sachs Group Inc. purchased a new stake in shares of SilverBow Resources during the 2nd quarter worth approximately $1,530,000. Northern Trust Corp purchased a new stake in shares of SilverBow Resources during the 2nd quarter worth approximately $1,762,000. Finally, Teachers Advisors LLC purchased a new stake in shares of SilverBow Resources during the 2nd quarter worth approximately $317,000. Hedge funds and other institutional investors own 30.06% of the company’s stock.
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