SilverBow Resources, Inc. (SBOW) Given Consensus Rating of “Buy” by Analysts

Shares of SilverBow Resources, Inc. (NYSE:SBOW) have been given an average recommendation of “Buy” by the six brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $32.50.

Several research analysts have commented on SBOW shares. BidaskClub downgraded shares of SilverBow Resources from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of SilverBow Resources from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Seaport Global Securities raised shares of SilverBow Resources from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, December 19th.

Shares of SilverBow Resources (NYSE SBOW) traded down $1.05 on Tuesday, reaching $27.68. 33,334 shares of the company’s stock traded hands, compared to its average volume of 35,353. SilverBow Resources has a 1-year low of $19.89 and a 1-year high of $33.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.55.

In other SilverBow Resources news, insider Sean C. Woolverton acquired 1,102 shares of SilverBow Resources stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of $23.54 per share, with a total value of $25,941.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sean C. Woolverton acquired 761 shares of SilverBow Resources stock in a transaction that occurred on Tuesday, January 16th. The stock was acquired at an average cost of $33.01 per share, for a total transaction of $25,120.61. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 4,861 shares of company stock worth $127,285.

Several institutional investors have recently modified their holdings of the stock. Pentwater Capital Management LP boosted its position in SilverBow Resources by 48.7% during the fourth quarter. Pentwater Capital Management LP now owns 805,223 shares of the company’s stock valued at $23,931,000 after acquiring an additional 263,555 shares during the last quarter. Vanguard Group Inc. bought a new stake in SilverBow Resources during the second quarter valued at $4,637,000. State Street Corp bought a new stake in SilverBow Resources during the second quarter valued at $1,834,000. Northern Trust Corp bought a new stake in SilverBow Resources during the second quarter valued at $1,762,000. Finally, Bank of New York Mellon Corp boosted its position in SilverBow Resources by 269.1% during the fourth quarter. Bank of New York Mellon Corp now owns 84,634 shares of the company’s stock valued at $2,516,000 after acquiring an additional 61,706 shares during the last quarter. 28.06% of the stock is currently owned by institutional investors.

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About SilverBow Resources

SilverBow Resources is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. With almost 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which they leverage to assemble drilling inventory.

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