SilverBow Resources Inc (NYSE:SBOW) – Investment analysts at SunTrust Banks cut their Q1 2020 earnings per share (EPS) estimates for SilverBow Resources in a research note issued on Thursday, March 5th. SunTrust Banks analyst N. Dingmann now expects that the company will earn $0.68 per share for the quarter, down from their previous forecast of $0.84.
SBOW has been the subject of a number of other reports. Zacks Investment Research cut SilverBow Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 25th. ValuEngine cut SilverBow Resources from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd.
Shares of SBOW stock opened at $1.77 on Monday. The stock has a 50 day moving average of $4.59 and a two-hundred day moving average of $8.25. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. SilverBow Resources has a 12 month low of $1.50 and a 12 month high of $24.44. The company has a market capitalization of $34.17 million, a P/E ratio of 0.18 and a beta of 1.43.
Several institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC raised its holdings in shares of SilverBow Resources by 4.8% in the 4th quarter. Acadian Asset Management LLC now owns 47,633 shares of the company’s stock worth $470,000 after buying an additional 2,202 shares in the last quarter. Bailard Inc. raised its holdings in shares of SilverBow Resources by 20.5% in the 4th quarter. Bailard Inc. now owns 15,700 shares of the company’s stock worth $155,000 after buying an additional 2,670 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of SilverBow Resources in the 4th quarter worth approximately $27,000. Barclays PLC raised its holdings in shares of SilverBow Resources by 95.8% in the 4th quarter. Barclays PLC now owns 7,209 shares of the company’s stock worth $71,000 after buying an additional 3,528 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of SilverBow Resources by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 80,538 shares of the company’s stock worth $797,000 after buying an additional 4,148 shares in the last quarter. 80.36% of the stock is owned by institutional investors and hedge funds.
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.