SilverBow Resources (SBOW) Upgraded to “Buy” by Seaport Global Securities

Seaport Global Securities upgraded shares of SilverBow Resources (NYSE:SBOW) from a neutral rating to a buy rating in a research report sent to investors on Tuesday. They currently have $25.00 price objective on the stock.

Several other analysts also recently commented on SBOW. BidaskClub raised shares of SilverBow Resources from a strong sell rating to a sell rating in a report on Friday, September 15th. Northland Securities started coverage on shares of SilverBow Resources in a report on Thursday, September 28th. They set an outperform rating and a $42.00 target price for the company. Stephens started coverage on shares of SilverBow Resources in a report on Friday, September 29th. They set an overweight rating and a $28.00 target price for the company. Finally, Zacks Investment Research downgraded shares of SilverBow Resources from a hold rating to a sell rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $31.67.

Shares of SilverBow Resources (SBOW) opened at $24.42 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.55 and a current ratio of 0.55. SilverBow Resources has a twelve month low of $19.89 and a twelve month high of $35.70.

In other SilverBow Resources news, insider Sean C. Woolverton acquired 1,102 shares of the business’s stock in a transaction on Friday, December 15th. The stock was purchased at an average price of $23.54 per share, with a total value of $25,941.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sean C. Woolverton acquired 1,119 shares of the business’s stock in a transaction on Monday, October 16th. The stock was acquired at an average cost of $22.86 per share, with a total value of $25,580.34. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,563 shares of company stock valued at $127,838 in the last ninety days.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pentwater Capital Management LP bought a new stake in SilverBow Resources in the 2nd quarter valued at about $15,114,000. Wells Fargo & Company MN boosted its holdings in SilverBow Resources by 2.3% in the 3rd quarter. Wells Fargo & Company MN now owns 292,404 shares of the company’s stock valued at $7,178,000 after purchasing an additional 6,628 shares during the period. Vanguard Group Inc. bought a new stake in SilverBow Resources in the 2nd quarter valued at about $4,637,000. State Street Corp bought a new stake in SilverBow Resources in the 2nd quarter valued at about $1,834,000. Finally, Northern Trust Corp bought a new stake in SilverBow Resources in the 2nd quarter valued at about $1,762,000. 30.06% of the stock is owned by hedge funds and other institutional investors.

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SilverBow Resources Company Profile

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