SilverBow Resources, Inc. (NYSE:SBOW) Shares Purchased by Denali Advisors LLC

Denali Advisors LLC boosted its holdings in SilverBow Resources, Inc. (NYSE:SBOW) by 62.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,600 shares of the company’s stock after acquiring an additional 15,600 shares during the period. Denali Advisors LLC’s holdings in SilverBow Resources were worth $1,386,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in SilverBow Resources by 138.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock valued at $91,000 after purchasing an additional 1,815 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of SilverBow Resources by 134.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 3,268 shares of the company’s stock worth $93,000 after acquiring an additional 1,877 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of SilverBow Resources by 33.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,303 shares of the company’s stock worth $125,000 after acquiring an additional 1,089 shares during the period. ORG Partners LLC increased its position in shares of SilverBow Resources by 8,624.0% during the fourth quarter. ORG Partners LLC now owns 4,362 shares of the company’s stock worth $127,000 after acquiring an additional 4,312 shares during the period. Finally, CoreCommodity Management LLC purchased a new stake in shares of SilverBow Resources during the fourth quarter worth $241,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SBOW has been the topic of a number of recent research reports. Truist Financial upped their price objective on SilverBow Resources from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Mizuho downgraded shares of SilverBow Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 17th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $45.33.

Insider Buying and Selling

In other news, major shareholder Kimmeridge Energy Management C sold 2,100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $37.00, for a total transaction of $77,700,000.00. Following the completion of the transaction, the insider now directly owns 1,181,356 shares of the company’s stock, valued at approximately $43,710,172. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.00% of the stock is currently owned by corporate insiders.

SilverBow Resources Stock Up 1.9 %

Shares of SBOW stock traded up $0.72 on Wednesday, reaching $38.74. 234,855 shares of the stock were exchanged, compared to its average volume of 509,712. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.88. SilverBow Resources, Inc. has a twelve month low of $25.19 and a twelve month high of $43.95. The company has a market capitalization of $989.42 million, a price-to-earnings ratio of 5.24 and a beta of 2.58. The business’s 50 day moving average price is $36.16 and its 200 day moving average price is $32.00.

SilverBow Resources (NYSE:SBOW) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.25. SilverBow Resources had a net margin of 24.41% and a return on equity of 16.48%. The company had revenue of $256.68 million during the quarter, compared to the consensus estimate of $272.27 million. During the same quarter in the prior year, the firm posted $0.95 earnings per share. As a group, sell-side analysts expect that SilverBow Resources, Inc. will post 8.64 earnings per share for the current fiscal year.

SilverBow Resources Company Profile

SilverBow Resources, Inc, an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.