Equities research analysts expect SilverBow Resources Inc (NYSE:SBOW) to announce $1.39 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for SilverBow Resources’ earnings. The highest EPS estimate is $1.76 and the lowest is $1.02. SilverBow Resources posted earnings of $0.20 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 595%. The company is expected to announce its next quarterly earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that SilverBow Resources will report full year earnings of $6.42 per share for the current fiscal year, with EPS estimates ranging from $5.38 to $7.45. For the next financial year, analysts expect that the company will post earnings of $6.27 per share, with EPS estimates ranging from $5.73 to $6.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover SilverBow Resources.
SilverBow Resources (NYSE:SBOW) last posted its earnings results on Wednesday, May 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.19). SilverBow Resources had a net margin of 29.72% and a return on equity of 33.18%. The business had revenue of $72.06 million during the quarter, compared to analyst estimates of $68.80 million.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. increased its position in shares of SilverBow Resources by 956.6% during the 1st quarter. Citigroup Inc. now owns 1,754 shares of the company’s stock valued at $40,000 after purchasing an additional 1,588 shares during the period. Rhumbline Advisers acquired a new position in shares of SilverBow Resources during the 4th quarter valued at $245,000. First Trust Advisors LP increased its position in shares of SilverBow Resources by 18.9% during the 4th quarter. First Trust Advisors LP now owns 11,170 shares of the company’s stock valued at $264,000 after purchasing an additional 1,779 shares during the period. Mackay Shields LLC increased its position in shares of SilverBow Resources by 16.2% during the 4th quarter. Mackay Shields LLC now owns 11,153 shares of the company’s stock valued at $264,000 after purchasing an additional 1,553 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of SilverBow Resources during the 1st quarter valued at $305,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.
SBOW traded up $0.11 during trading hours on Friday, hitting $15.59. The company’s stock had a trading volume of 12,994 shares, compared to its average volume of 27,559. SilverBow Resources has a fifty-two week low of $15.24 and a fifty-two week high of $31.94. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a market cap of $188.08 million, a P/E ratio of 2.46 and a beta of 0.17.
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, 2018, it had proved reserves of 1,345 MMcfe. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.
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