SilverBow Resources, Inc. (NYSE:SBOW) COO Steven W. Adam acquired 619 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average cost of $28.79 per share, with a total value of $17,821.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of SilverBow Resources, Inc. (NYSE SBOW) traded up $1.25 during trading on Friday, reaching $30.20. 56,705 shares of the company’s stock were exchanged, compared to its average volume of 38,280. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. SilverBow Resources, Inc. has a 12-month low of $19.89 and a 12-month high of $33.21. The company has a market cap of $339.88 and a P/E ratio of 4.80.
A number of institutional investors have recently modified their holdings of SBOW. Acadian Asset Management LLC acquired a new position in shares of SilverBow Resources in the 4th quarter valued at $109,000. Nationwide Fund Advisors acquired a new position in shares of SilverBow Resources in the 2nd quarter valued at $104,000. The Manufacturers Life Insurance Company raised its stake in shares of SilverBow Resources by 239.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 5,937 shares of the company’s stock valued at $176,000 after buying an additional 4,190 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of SilverBow Resources in the 4th quarter valued at $158,000. Finally, Wells Fargo & Company MN raised its stake in shares of SilverBow Resources by 2.3% in the 3rd quarter. Wells Fargo & Company MN now owns 292,404 shares of the company’s stock valued at $7,178,000 after buying an additional 6,628 shares in the last quarter. 67.03% of the stock is owned by hedge funds and other institutional investors.
SBOW has been the subject of several recent analyst reports. Seaport Global Securities raised shares of SilverBow Resources from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, December 19th. Zacks Investment Research downgraded shares of SilverBow Resources from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.50.
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SilverBow Resources Company Profile
SilverBow Resources is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. With almost 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which they leverage to assemble drilling inventory.
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