Equities research analysts predict that SilverBow Resources Inc (NYSE:SBOW) will announce $1.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for SilverBow Resources’ earnings. The lowest EPS estimate is $1.09 and the highest is $1.26. SilverBow Resources reported earnings of $1.12 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.4%. The business is expected to report its next earnings results on Monday, November 5th.
On average, analysts expect that SilverBow Resources will report full-year earnings of $5.19 per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $7.50 per share, with EPS estimates ranging from $6.73 to $8.26. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow SilverBow Resources.
SilverBow Resources (NYSE:SBOW) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.55). The firm had revenue of $51.35 million during the quarter, compared to analysts’ expectations of $48.05 million. SilverBow Resources had a return on equity of 24.31% and a net margin of 23.04%.
Several research firms have weighed in on SBOW. Zacks Investment Research downgraded shares of SilverBow Resources from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. ValuEngine raised shares of SilverBow Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, SunTrust Banks downgraded shares of SilverBow Resources from a “buy” rating to a “hold” rating and dropped their target price for the stock from $37.00 to $30.00 in a research report on Monday, September 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. SilverBow Resources currently has an average rating of “Hold” and a consensus price target of $29.67.
A number of large investors have recently added to or reduced their stakes in SBOW. Globeflex Capital L P lifted its stake in SilverBow Resources by 12.0% during the 2nd quarter. Globeflex Capital L P now owns 15,790 shares of the company’s stock valued at $456,000 after acquiring an additional 1,686 shares during the period. BlackRock Inc. lifted its stake in SilverBow Resources by 0.5% during the 1st quarter. BlackRock Inc. now owns 336,983 shares of the company’s stock valued at $9,805,000 after acquiring an additional 1,772 shares during the period. California Public Employees Retirement System lifted its stake in SilverBow Resources by 25.3% during the 2nd quarter. California Public Employees Retirement System now owns 8,906 shares of the company’s stock valued at $257,000 after acquiring an additional 1,797 shares during the period. Bank of New York Mellon Corp lifted its stake in SilverBow Resources by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,455 shares of the company’s stock valued at $2,612,000 after acquiring an additional 2,379 shares during the period. Finally, Northern Trust Corp lifted its stake in SilverBow Resources by 3.9% during the 1st quarter. Northern Trust Corp now owns 79,276 shares of the company’s stock valued at $2,307,000 after acquiring an additional 2,954 shares during the period. 81.03% of the stock is currently owned by institutional investors.
NYSE:SBOW opened at $27.73 on Friday. The company has a market cap of $311.16 million, a price-to-earnings ratio of 4.56 and a beta of 0.89. SilverBow Resources has a twelve month low of $21.53 and a twelve month high of $34.76. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.32.
About SilverBow Resources
SilverBow Resources, Inc, an energy company, engages in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. As of December 31, 2017, it had proved reserves of 1.0 trillion cubic feet equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.
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