Private Wealth Partners LLC Has $291,000 Stock Holdings in SilverBow Resources, Inc. (NYSE:SBOW)

Private Wealth Partners LLC decreased its position in shares of SilverBow Resources, Inc. (NYSE:SBOW) by 50.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,000 shares of the company’s stock after selling 10,000 shares during the quarter. Private Wealth Partners LLC’s holdings in SilverBow Resources were worth $291,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Foundry Partners LLC lifted its holdings in SilverBow Resources by 19.3% during the 4th quarter. Foundry Partners LLC now owns 119,610 shares of the company’s stock worth $3,478,000 after buying an additional 19,385 shares in the last quarter. ORG Partners LLC lifted its stake in shares of SilverBow Resources by 8,624.0% in the 4th quarter. ORG Partners LLC now owns 4,362 shares of the company’s stock valued at $127,000 after purchasing an additional 4,312 shares during the period. Montgomery Investment Management Inc. lifted its stake in shares of SilverBow Resources by 8.7% in the 4th quarter. Montgomery Investment Management Inc. now owns 15,550 shares of the company’s stock valued at $452,000 after purchasing an additional 1,250 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of SilverBow Resources by 138.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock valued at $91,000 after purchasing an additional 1,815 shares during the period. Finally, Callahan Advisors LLC lifted its stake in shares of SilverBow Resources by 10.4% in the 4th quarter. Callahan Advisors LLC now owns 12,700 shares of the company’s stock valued at $369,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

SilverBow Resources Stock Performance

SBOW stock traded up $0.58 during mid-day trading on Friday, hitting $32.03. 227,050 shares of the company were exchanged, compared to its average volume of 334,324. The business has a 50 day simple moving average of $31.80 and a 200-day simple moving average of $30.77. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $817.41 million, a PE ratio of 2.63 and a beta of 2.46. SilverBow Resources, Inc. has a 1-year low of $21.08 and a 1-year high of $43.95.

SilverBow Resources (NYSE:SBOW) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.89). The company had revenue of $212.04 million for the quarter, compared to analyst estimates of $231.43 million. SilverBow Resources had a return on equity of 14.50% and a net margin of 45.64%. On average, equities analysts forecast that SilverBow Resources, Inc. will post 8.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. KeyCorp downgraded SilverBow Resources from an “overweight” rating to a “sector weight” rating in a research note on Thursday, January 11th. Roth Mkm assumed coverage on SilverBow Resources in a research note on Monday, February 12th. They issued a “buy” rating and a $41.00 price target on the stock. TheStreet raised SilverBow Resources from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. Mizuho reaffirmed a “buy” rating and set a $42.00 price objective on shares of SilverBow Resources in a research note on Friday, April 5th. Finally, Truist Financial dropped their price objective on SilverBow Resources from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.50.

SilverBow Resources Company Profile

SilverBow Resources, Inc, an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.