SilverBow Resources Inc (NYSE:SBOW) Short Interest Update

SilverBow Resources Inc (NYSE:SBOW) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 187,300 shares, an increase of 47.0% from the July 31st total of 127,400 shares. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is presently 7.8 days. Approximately 1.8% of the company’s stock are short sold.

Several equities research analysts have commented on SBOW shares. Northland Securities reiterated a “buy” rating and issued a $14.00 price objective on shares of SilverBow Resources in a research note on Sunday, September 1st. Zacks Investment Research raised shares of SilverBow Resources from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 15th.

SilverBow Resources stock traded up $0.35 during mid-day trading on Wednesday, reaching $10.73. 20,700 shares of the company’s stock were exchanged, compared to its average volume of 27,467. The business’s fifty day simple moving average is $9.08 and its 200 day simple moving average is $15.47. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.32. SilverBow Resources has a one year low of $7.40 and a one year high of $29.87. The firm has a market capitalization of $112.76 million, a PE ratio of 1.69 and a beta of 0.53.

SilverBow Resources (NYSE:SBOW) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $5.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $4.21. The company had revenue of $74.70 million during the quarter, compared to analyst estimates of $70.30 million. SilverBow Resources had a net margin of 48.20% and a return on equity of 50.63%. On average, sell-side analysts forecast that SilverBow Resources will post 7.95 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Walthausen & Co. LLC raised its holdings in shares of SilverBow Resources by 30.8% in the 1st quarter. Walthausen & Co. LLC now owns 280,527 shares of the company’s stock worth $6,452,000 after purchasing an additional 65,983 shares during the period. BlackRock Inc. raised its stake in shares of SilverBow Resources by 12.8% in the second quarter. BlackRock Inc. now owns 454,939 shares of the company’s stock valued at $6,301,000 after buying an additional 51,466 shares during the period. DW Partners LP raised its stake in shares of SilverBow Resources by 1.8% in the first quarter. DW Partners LP now owns 1,852,755 shares of the company’s stock valued at $42,613,000 after buying an additional 32,702 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of SilverBow Resources in the second quarter valued at $347,000. Finally, Globeflex Capital L P lifted its position in shares of SilverBow Resources by 88.0% during the 1st quarter. Globeflex Capital L P now owns 29,680 shares of the company’s stock valued at $683,000 after buying an additional 13,890 shares during the last quarter. Institutional investors own 82.12% of the company’s stock.

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, 2018, it had proved reserves of 1,345 MMcfe. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.

Featured Story: Operating Income

Receive News & Ratings for SilverBow Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SilverBow Resources and related companies with MarketBeat.com's FREE daily email newsletter.