SilverBow Resources, Inc. (NYSE:SBOW) COO Steven W. Adam bought 619 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were bought at an average cost of $28.79 per share, with a total value of $17,821.01. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
SilverBow Resources, Inc. (NYSE SBOW) traded up $0.13 during mid-day trading on Wednesday, hitting $29.53. 249 shares of the stock were exchanged, compared to its average volume of 38,294. The stock has a market capitalization of $339.53 and a PE ratio of 4.69. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.37. SilverBow Resources, Inc. has a twelve month low of $19.89 and a twelve month high of $33.21.
A number of analysts have recently commented on SBOW shares. Seaport Global Securities raised shares of SilverBow Resources from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, December 19th. Zacks Investment Research cut shares of SilverBow Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. SilverBow Resources currently has an average rating of “Buy” and a consensus target price of $32.50.
SilverBow Resources Company Profile
SilverBow Resources is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. With almost 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which they leverage to assemble drilling inventory.
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