SilverBow Resources, Inc. (SBOW) CFO Riet Gerald Gleeson Van Buys 548 Shares

SilverBow Resources, Inc. (NYSE:SBOW) CFO Riet Gerald Gleeson Van acquired 548 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were bought at an average price of $31.32 per share, for a total transaction of $17,163.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Riet Gerald Gleeson Van also recently made the following trade(s):

  • On Friday, December 29th, Riet Gerald Gleeson Van acquired 594 shares of SilverBow Resources stock. The shares were bought at an average price of $28.83 per share, for a total transaction of $17,125.02.
  • On Thursday, November 30th, Riet Gerald Gleeson Van acquired 754 shares of SilverBow Resources stock. The shares were bought at an average price of $22.63 per share, for a total transaction of $17,063.02.

SilverBow Resources, Inc. (NYSE SBOW) opened at $30.50 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. SilverBow Resources, Inc. has a 12 month low of $19.89 and a 12 month high of $33.21.

SilverBow Resources (NYSE:SBOW) last released its earnings results on Monday, November 6th. The company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.21. SilverBow Resources had a return on equity of 30.10% and a net margin of 23.27%. analysts predict that SilverBow Resources, Inc. will post 5.5 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new position in SilverBow Resources during the 4th quarter valued at about $109,000. Nationwide Fund Advisors purchased a new position in SilverBow Resources during the 2nd quarter valued at about $104,000. Bank of Montreal Can purchased a new position in SilverBow Resources during the 4th quarter valued at about $158,000. The Manufacturers Life Insurance Company purchased a new position in SilverBow Resources during the 2nd quarter valued at about $157,000. Finally, Wells Fargo & Company MN grew its stake in SilverBow Resources by 2.3% during the 3rd quarter. Wells Fargo & Company MN now owns 292,404 shares of the company’s stock valued at $7,178,000 after acquiring an additional 6,628 shares in the last quarter. 28.06% of the stock is currently owned by institutional investors.

Several research firms have issued reports on SBOW. BidaskClub downgraded SilverBow Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded SilverBow Resources from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Seaport Global Securities upgraded SilverBow Resources from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.50.

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About SilverBow Resources

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.

Insider Buying and Selling by Quarter for SilverBow Resources (NYSE:SBOW)

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