Analysts Expect SilverBow Resources (SBOW) to Post $1.55 Earnings Per Share

Wall Street brokerages expect SilverBow Resources (NYSE:SBOW) to post earnings per share of $1.55 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for SilverBow Resources’ earnings, with the lowest EPS estimate coming in at $1.38 and the highest estimate coming in at $1.72. SilverBow Resources posted earnings per share of $1.57 in the same quarter last year, which would suggest a negative year over year growth rate of 1.3%. The company is scheduled to report its next quarterly earnings report on Monday, May 14th.

According to Zacks, analysts expect that SilverBow Resources will report full year earnings of $6.02 per share for the current financial year, with EPS estimates ranging from $5.14 to $6.89. For the next year, analysts anticipate that the firm will report earnings of $10.12 per share, with EPS estimates ranging from $8.04 to $12.20. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for SilverBow Resources.

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Several equities analysts have recently issued reports on SBOW shares. ValuEngine cut SilverBow Resources from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research lowered SilverBow Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Finally, Seaport Global Securities raised SilverBow Resources from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $32.50.

Shares of SBOW traded up $0.40 during midday trading on Friday, hitting $30.00. The company had a trading volume of 28,169 shares, compared to its average volume of 37,642. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $328.74 and a PE ratio of 4.93. SilverBow Resources has a 1 year low of $19.89 and a 1 year high of $33.21.

In other SilverBow Resources news, insider Sean C. Woolverton purchased 761 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were purchased at an average cost of $33.01 per share, for a total transaction of $25,120.61. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sean C. Woolverton purchased 898 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was acquired at an average price of $28.11 per share, for a total transaction of $25,242.78. The disclosure for this purchase can be found here. In the last three months, insiders bought 4,141 shares of company stock worth $123,409.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Value Partners LLC purchased a new stake in SilverBow Resources during the fourth quarter worth $133,040,000. Pentwater Capital Management LP increased its stake in SilverBow Resources by 48.7% in the fourth quarter. Pentwater Capital Management LP now owns 805,223 shares of the company’s stock valued at $23,931,000 after purchasing an additional 263,555 shares during the last quarter. Wells Fargo & Company MN increased its stake in SilverBow Resources by 2.3% in the third quarter. Wells Fargo & Company MN now owns 292,404 shares of the company’s stock valued at $7,178,000 after purchasing an additional 6,628 shares during the last quarter. Vanguard Group Inc. acquired a new position in SilverBow Resources in the second quarter valued at $4,637,000. Finally, Bank of New York Mellon Corp increased its stake in SilverBow Resources by 269.1% in 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 purchasing an additional 61,706 shares during the last quarter. Institutional investors own 67.03% of the company’s stock.

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SilverBow Resources Company Profile

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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Earnings History and Estimates for SilverBow Resources (NYSE:SBOW)

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