SilverBow Resources (SBOW) Set to Announce Earnings on Tuesday

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SilverBow Resources (NYSE:SBOW) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 4th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

SilverBow Resources (NYSE:SBOW) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.62). SilverBow Resources had a net margin of 34.36% and a return on equity of 26.09%. The business had revenue of $53.38 million for the quarter, compared to the consensus estimate of $59.65 million. On average, analysts expect SilverBow Resources to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of SBOW stock opened at $3.57 on Friday. SilverBow Resources has a 1 year low of $1.50 and a 1 year high of $12.95. The firm has a fifty day moving average price of $3.69 and a 200-day moving average price of $4.12. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market cap of $42.45 million, a price-to-earnings ratio of 0.45 and a beta of 2.61.

SBOW has been the subject of a number of recent research reports. Northland Securities raised shares of SilverBow Resources from a “market perform” rating to an “outperform” rating and set a $7.00 price objective for the company in a research report on Thursday, May 14th. Zacks Investment Research downgraded shares of SilverBow Resources from a “buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, ValuEngine raised shares of SilverBow Resources from a “strong sell” rating to a “sell” rating in a report on Thursday, July 2nd.

In related news, Director Marcus C. Rowland sold 17,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $4.39, for a total value of $74,630.00. Following the completion of the transaction, the director now owns 44,571 shares of the company’s stock, valued at approximately $195,666.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.30% of the company’s stock.

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.

See Also: What does a market perform rating mean?

Earnings History for SilverBow Resources (NYSE:SBOW)

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