SilverBow Resources, Inc. (NYSE:SBOW) Short Interest Down 17.8% in April

SilverBow Resources, Inc. (NYSE:SBOWGet Free Report) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 1,340,000 shares, a decrease of 17.8% from the April 15th total of 1,630,000 shares. Based on an average daily trading volume, of 405,600 shares, the short-interest ratio is presently 3.3 days.

Institutional Trading of SilverBow Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of SilverBow Resources during the 3rd quarter worth approximately $50,000. Allspring Global Investments Holdings LLC increased its stake in shares of SilverBow Resources by 138.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock valued at $91,000 after purchasing an additional 1,815 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of SilverBow Resources by 33.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,303 shares of the company’s stock worth $125,000 after buying an additional 1,089 shares in the last quarter. ORG Partners LLC lifted its position in shares of SilverBow Resources by 8,624.0% during the 4th quarter. ORG Partners LLC now owns 4,362 shares of the company’s stock worth $127,000 after buying an additional 4,312 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in SilverBow Resources in the third quarter valued at about $255,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

SilverBow Resources Stock Performance

Shares of NYSE:SBOW traded down $0.42 during trading on Monday, reaching $32.29. 163,760 shares of the stock were exchanged, compared to its average volume of 388,266. SilverBow Resources has a 12 month low of $22.14 and a 12 month high of $43.95. The stock has a 50-day moving average price of $32.71 and a 200-day moving average price of $30.53. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.88. The firm has a market cap of $824.69 million, a PE ratio of 4.41 and a beta of 2.52.

SilverBow Resources (NYSE:SBOWGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.25. The business had revenue of $256.68 million during the quarter, compared to the consensus estimate of $272.27 million. SilverBow Resources had a return on equity of 16.48% and a net margin of 24.41%. During the same period in the previous year, the company posted $0.95 EPS. Research analysts expect that SilverBow Resources will post 8.64 EPS for the current fiscal year.

Analyst Ratings Changes

SBOW has been the topic of several analyst reports. Mizuho boosted their price target on shares of SilverBow Resources from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday. TheStreet raised SilverBow Resources from a “c” rating to a “b-” rating in a research report on Wednesday, February 28th. Roth Mkm began coverage on SilverBow Resources in a research report on Monday, February 12th. They set a “buy” rating and a $41.00 price target on the stock. Finally, Truist Financial increased their price objective on SilverBow Resources from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

View Our Latest Stock Report on SBOW

SilverBow Resources Company Profile

(Get Free Report)

SilverBow Resources, Inc, an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.

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