Wall Street brokerages expect SilverBow Resources Inc (NYSE:SBOW) to report earnings per share of $1.17 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for SilverBow Resources’ earnings. The highest EPS estimate is $1.26 and the lowest is $1.08. SilverBow Resources posted earnings of $1.12 per share in the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The business is expected to report its next earnings results on Monday, November 5th.
On average, analysts expect that SilverBow Resources will report full-year earnings of $5.19 per share for the current year. For the next financial year, analysts forecast that the company will report earnings of $7.74 per share, with EPS estimates ranging from $7.22 to $8.26. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for SilverBow Resources.
SilverBow Resources (NYSE:SBOW) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.55). The business had revenue of $51.35 million during the quarter, compared to analysts’ expectations of $48.05 million. SilverBow Resources had a return on equity of 24.31% and a net margin of 23.04%.
A number of brokerages have weighed in on SBOW. ValuEngine upgraded shares of SilverBow Resources from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Zacks Investment Research upgraded shares of SilverBow Resources from a “strong sell” rating to a “hold” rating and set a $34.00 price objective on the stock in a report on Thursday, July 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. SilverBow Resources has a consensus rating of “Hold” and a consensus price target of $33.20.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in SilverBow Resources by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 90,455 shares of the company’s stock worth $2,612,000 after purchasing an additional 2,379 shares during the period. California Public Employees Retirement System grew its holdings in shares of SilverBow Resources by 25.3% during the second quarter. California Public Employees Retirement System now owns 8,906 shares of the company’s stock valued at $257,000 after buying an additional 1,797 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of SilverBow Resources during the second quarter valued at approximately $329,000. Prescott Group Capital Management L.L.C. purchased a new stake in shares of SilverBow Resources during the second quarter valued at approximately $546,000. Finally, Globeflex Capital L P grew its holdings in shares of SilverBow Resources by 12.0% during the second quarter. Globeflex Capital L P now owns 15,790 shares of the company’s stock valued at $456,000 after buying an additional 1,686 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.
SBOW traded down $0.49 during midday trading on Friday, reaching $29.99. The company’s stock had a trading volume of 881 shares, compared to its average volume of 22,284. The stock has a market cap of $360.05 million, a PE ratio of 4.94 and a beta of 0.72. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.33 and a current ratio of 0.33. SilverBow Resources has a 1 year low of $21.21 and a 1 year high of $34.76.
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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