SilverBow Resources Inc (SBOW) Expected to Announce Earnings of $1.92 Per Share

Wall Street brokerages predict that SilverBow Resources Inc (NYSE:SBOW) will post earnings of $1.92 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for SilverBow Resources’ earnings, with estimates ranging from $1.69 to $2.15. SilverBow Resources reported earnings of $2.00 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 4%. The business is scheduled to report its next earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that SilverBow Resources will report full year earnings of $5.60 per share for the current financial year, with EPS estimates ranging from $5.53 to $5.67. For the next financial year, analysts anticipate that the company will post earnings of $9.37 per share, with EPS estimates ranging from $8.23 to $10.51. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for SilverBow Resources.

SilverBow Resources (NYSE:SBOW) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.64). The firm had revenue of $65.03 million for the quarter, compared to analysts’ expectations of $61.10 million. SilverBow Resources had a return on equity of 20.00% and a net margin of 18.88%.

SBOW has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of SilverBow Resources from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, November 15th. SunTrust Banks downgraded shares of SilverBow Resources from a “buy” rating to a “hold” rating and lowered their price target for the stock from $37.00 to $30.00 in a report on Monday, September 24th. Finally, ValuEngine downgraded shares of SilverBow Resources from a “hold” rating to a “sell” rating in a report on Thursday, September 13th.

In related news, Director Marcus C. Rowland sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $28.71, for a total value of $344,520.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased 2,086 shares of company stock worth $51,937 over the last three months. Corporate insiders own 2.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northpointe Capital LLC acquired a new stake in shares of SilverBow Resources in the third quarter worth approximately $139,000. Citadel Advisors LLC acquired a new stake in shares of SilverBow Resources in the third quarter worth approximately $208,000. Rhumbline Advisers acquired a new stake in shares of SilverBow Resources in the second quarter worth approximately $211,000. Mackay Shields LLC acquired a new stake in shares of SilverBow Resources in the second quarter worth approximately $219,000. Finally, Bessemer Group Inc. acquired a new stake in shares of SilverBow Resources in the third quarter worth approximately $221,000. 83.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE SBOW traded down $0.73 during midday trading on Friday, reaching $21.88. 27,722 shares of the stock were exchanged, compared to its average volume of 24,149. The company has a market cap of $255.82 million, a PE ratio of 6.22 and a beta of 0.52. SilverBow Resources has a 52-week low of $21.07 and a 52-week high of $34.76. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.31 and a quick ratio of 0.31.

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, 2017, it had proved reserves of 1.0 trillion cubic feet equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.

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Earnings History and Estimates for SilverBow Resources (NYSE:SBOW)

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