SilverBow Resources Inc. (SBOW) Releases Earnings Results, Beats Expectations By $0.38 EPS
SilverBow Resources Inc. (NYSE:SBOW) announced its earnings results on Tuesday. The company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.38, reports. SilverBow Resources had a net margin of 503.12% and a return on equity of 879.06%.
Shares of SilverBow Resources (SBOW) traded up 4.91% during trading on Tuesday, reaching $23.08. 18,934 shares of the company were exchanged. The firm’s 50 day moving average is $25.27 and its 200 day moving average is $27.61. SilverBow Resources has a 1-year low of $18.01 and a 1-year high of $34.00. The firm has a market capitalization of $264.91 million and a P/E ratio of 0.36.
In related news, CEO Sean C. Woolverton bought 982 shares of the business’s stock in a transaction on Monday, July 17th. The shares were bought at an average price of $25.49 per share, for a total transaction of $25,031.18. Following the completion of the purchase, the chief executive officer now directly owns 62,698 shares of the company’s stock, valued at $1,598,172.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sean C. Woolverton bought 924 shares of the business’s stock in a transaction on Monday, May 15th. The stock was bought at an average price of $27.63 per share, for a total transaction of $25,530.12. Following the purchase, the chief executive officer now directly owns 59,969 shares of the company’s stock, valued at $1,656,943.47. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 4,649 shares of company stock worth $126,881.
SBOW has been the topic of a number of research reports. Johnson Rice initiated coverage on shares of SilverBow Resources in a report on Thursday, June 8th. They set a “buy” rating on the stock. Seaport Global Securities initiated coverage on shares of SilverBow Resources in a report on Tuesday, August 1st. They set a “neutral” rating and a $25.00 target price on the stock.
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SilverBow Resources Company Profile
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