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.

COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/08/08/silverbow-resources-inc-sbow-releases-earnings-results-beats-expectations-by-0-38-eps.html.

SilverBow Resources Company Profile

Receive News & Ratings for SilverBow Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SilverBow Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.