SilverBow Resources Inc. (NYSE:SBOW) Receives New Coverage from Analysts at Seaport Global Securities

Analysts at Seaport Global Securities assumed coverage on shares of SilverBow Resources Inc. (NYSE:SBOW) in a report released on Tuesday, August 1st, Marketbeat.com reports. The brokerage set a “neutral” rating and a $25.00 price target on the stock. Seaport Global Securities’ price objective would suggest a potential upside of 18.09% from the stock’s previous close.

Separately, Johnson Rice assumed coverage on SilverBow Resources in a research report on Thursday, June 8th. They set a “buy” rating for the company.

Shares of SilverBow Resources (NYSE SBOW) opened at 21.17 on Tuesday. The company’s 50 day moving average price is $24.01 and its 200 day moving average price is $26.92. SilverBow Resources has a one year low of $21.01 and a one year high of $35.70. The firm has a market capitalization of $243.67 million and a P/E ratio of 3.39.

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In other news, CEO Sean C. Woolverton acquired 1,106 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average price of $22.72 per share, for a total transaction of $25,128.32. Following the completion of the acquisition, the chief executive officer now directly owns 63,804 shares in the company, valued at approximately $1,449,626.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sean C. Woolverton acquired 982 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was purchased at an average price of $25.49 per share, with a total value of $25,031.18. Following the acquisition, the chief executive officer now owns 62,698 shares of the company’s stock, valued at $1,598,172.02. The disclosure for this purchase can be found here. Insiders have acquired a total of 4,831 shares of company stock valued at $126,479 in the last quarter.

Hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors bought a new stake in shares of SilverBow Resources during the second quarter valued at approximately $104,000. SG Americas Securities LLC bought a new stake in shares of SilverBow Resources during the second quarter valued at approximately $148,000. The Manufacturers Life Insurance Company bought a new stake in shares of SilverBow Resources during the second quarter valued at approximately $157,000. New York State Common Retirement Fund bought a new stake in shares of SilverBow Resources during the second quarter valued at approximately $196,000. Finally, Virtu KCG Holdings LLC bought a new stake in shares of SilverBow Resources during the second quarter valued at approximately $229,000. Institutional investors and hedge funds own 4.02% of the company’s stock.

SilverBow Resources Company Profile

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