Seaport Global Securities upgraded shares of SilverBow Resources (NYSE:SBOW) from a neutral rating to a buy rating in a research note released on Tuesday, December 19th, MarketBeat.com reports. They currently have $25.00 target price on the stock. Seaport Global Securities also issued estimates for SilverBow Resources’ Q4 2017 earnings at $1.35 EPS, FY2017 earnings at $5.50 EPS, 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 equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of SilverBow Resources from a sell rating to a hold rating in a research note on Friday, November 10th. BidaskClub downgraded shares of SilverBow Resources from a sell rating to a strong sell rating in a research report on Tuesday, November 7th. Stephens began coverage on shares of SilverBow Resources in a research report on Friday, September 29th. They set an overweight rating and a $28.00 price objective for the company. 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 target price for the company. One equities research 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 stock. The stock presently has a consensus rating of Buy and an average price target of $32.50.
Shares of SilverBow Resources (SBOW) traded up $0.35 during midday trading on Tuesday, reaching $32.82. 65,700 shares of the company were exchanged, compared to its average volume of 62,461. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. SilverBow Resources has a 52 week low of $19.89 and a 52 week high of $33.80.
In other 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 cost of $23.54 per share, with a total value of $25,941.08. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sean C. Woolverton acquired 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 acquired a total of 5,450 shares of company stock valued at $127,712 in the last three months.
Several large investors have recently modified their holdings of SBOW. Nationwide Fund Advisors purchased a new position in shares of SilverBow Resources during the second quarter worth approximately $104,000. SG Americas Securities LLC bought a new position in shares of SilverBow Resources during the second quarter valued at approximately $148,000. The Manufacturers Life Insurance Company bought a new position in shares of SilverBow Resources during the second quarter valued at approximately $157,000. New York State Common Retirement Fund bought a new position in shares of SilverBow Resources during the second quarter valued at approximately $196,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of SilverBow Resources during the second quarter valued at approximately $229,000. 30.06% of the stock is currently owned by institutional investors and hedge funds.
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SilverBow Resources Company Profile
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