In yesterday’s Wall Street session, SilverBow Resources Inc (NYSE:SBOW) shares traded at $36.62, up 13.20% from the previous session.
SBOW stock price is now 11.75% away from the 50-day moving average and 12.04% away from the 200-day moving average. The market capitalization of the company currently stands at $935.27M.
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With the price target of $41, ROTH MKM recently initiated with Buy rating for SilverBow Resources Inc (NYSE: SBOW). On February 01, 2024, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $40, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, Strategic Value Partners, LLC, Former 10% Owner sold 2,530,000 shares of the company’s stock on Dec 14 ’23. The stock was sold for $68,057,000 at an average price of $26.90. Upon completion of the transaction, the Former 10% Owner now directly owns 393,351 shares in the company, valued at $14.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 28 ’23, Director DeSanctis Ellen bought 2,500 shares of the business’s stock. A total of $79,025 was incurred on buying the stock at an average price of $31.61. This leaves the insider owning 2,500 shares of the company worth $91550.0. A total of 25.69% of the company’s stock is owned by insiders.
During the past 12 months, SilverBow Resources Inc has had a low of $22.14 and a high of $43.95. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 0.63, and a quick ratio of 0.63.
According to the Oil & Gas E&P Company, earnings per share came in at 1.54, missing analysts’ expectations of 1.6 by -0.06. This compares to $4.17 EPS in the same period last year. The net profit margin was 24.41% and return on equity was 18.23% for SBOW. The company reported revenue of $256.68 million for the quarter, compared to $139.95 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 83.4 percent. For the current quarter, analysts expect SBOW to generate $271.78M in revenue.
