SilverBow Resources Inc (NYSE:SBOW) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 127,000 shares, an increase of 12.1% from the April 30th total of 113,300 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 27,700 shares, the days-to-cover ratio is currently 4.6 days.
SBOW stock traded up $0.12 during mid-day trading on Friday, reaching $13.52. The company had a trading volume of 7,762 shares, compared to its average volume of 18,074. SilverBow Resources has a 52 week low of $12.46 and a 52 week high of $31.94. The company has a market capitalization of $158.77 million, a P/E ratio of 2.13 and a beta of 0.48. The stock’s 50 day moving average is $13.85. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.45 and a quick ratio of 0.45.
SilverBow Resources (NYSE:SBOW) last released its quarterly earnings data on Wednesday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.19). The business had revenue of $72.06 million during the quarter, compared to analyst estimates of $68.80 million. SilverBow Resources had a net margin of 29.72% and a return on equity of 33.18%. As a group, equities analysts expect that SilverBow Resources will post 6.2 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in SBOW. DW Partners LP grew 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 worth $42,613,000 after purchasing an additional 32,702 shares during the last quarter. Walthausen & Co. LLC grew its stake in shares of SilverBow Resources by 30.8% in the first 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 last quarter. Globeflex Capital L P grew its stake in shares of SilverBow Resources by 88.0% in the first quarter. Globeflex Capital L P now owns 29,680 shares of the company’s stock worth $683,000 after purchasing an additional 13,890 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of SilverBow Resources by 18.9% in the first quarter. Acadian Asset Management LLC now owns 37,964 shares of the company’s stock worth $872,000 after purchasing an additional 6,045 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of SilverBow Resources by 1.5% in the first quarter. LSV Asset Management now owns 55,171 shares of the company’s stock worth $1,268,000 after purchasing an additional 800 shares during the last quarter. 82.82% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on SBOW shares. Zacks Investment Research downgraded Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday. Northland Securities set a $50.00 price target on Polarityte and gave the company a “buy” rating in a research note on Friday, May 10th.
About SilverBow Resources
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.
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