Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in SilverBow Resources Inc (NYSE:SBOW) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,501 shares of the company’s stock, valued at approximately $160,000.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its stake in SilverBow Resources by 0.5% during the first quarter. BlackRock Inc. now owns 336,983 shares of the company’s stock worth $9,805,000 after buying an additional 1,772 shares in the last quarter. Northern Trust Corp raised its holdings in SilverBow Resources by 3.9% in the 1st quarter. Northern Trust Corp now owns 79,276 shares of the company’s stock valued at $2,307,000 after buying an additional 2,954 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in SilverBow Resources by 239.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,937 shares of the company’s stock worth $176,000 after purchasing an additional 4,190 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in SilverBow Resources by 37.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 16,258 shares of the company’s stock worth $474,000 after purchasing an additional 4,458 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in SilverBow Resources during the 4th quarter worth approximately $158,000. 82.52% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. ValuEngine raised shares of SilverBow Resources from a “hold” rating to a “buy” rating in a research report on Friday, March 23rd. SunTrust Banks began coverage on SilverBow Resources in a research note on Tuesday, April 10th. They set a “buy” rating and a $37.00 target price on the stock. Finally, Zacks Investment Research cut SilverBow Resources from a “hold” rating to a “strong sell” rating in a research note on Saturday, April 28th. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.40.
Shares of SBOW stock opened at $28.88 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $332.45 million and a price-to-earnings ratio of 5.43. SilverBow Resources Inc has a fifty-two week low of $19.89 and a fifty-two week high of $34.76.
SilverBow Resources (NYSE:SBOW) last posted its quarterly earnings data on Tuesday, May 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.57). SilverBow Resources had a return on equity of 33.99% and a net margin of 30.41%. The firm had revenue of $52.75 million during the quarter, compared to the consensus estimate of $50.60 million. equities analysts predict that SilverBow Resources Inc will post 4.5 EPS for the current year.
SilverBow Resources Company Profile
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, 2017, it had proved reserves of 1.0 trillion cubic feet equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.
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