SilverBow Resources Inc. (NYSE:SBOW) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday.

A number of other analysts have also recently weighed in on the company. Seaport Global Securities assumed coverage on SilverBow Resources in a research report on Tuesday, August 1st. They set a “neutral” rating and a $25.00 price objective for the company. Johnson Rice assumed coverage on SilverBow Resources in a research report on Thursday, June 8th. They set a “buy” rating for the company.

Shares of SilverBow Resources (NYSE:SBOW) traded up 1.21% on Friday, reaching $24.26. The company had a trading volume of 96,266 shares. The firm has a market capitalization of $279.62 million and a P/E ratio of 0.60. The company’s 50-day moving average price is $22.45 and its 200 day moving average price is $25.73. SilverBow Resources has a 52 week low of $18.01 and a 52 week high of $34.00.

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In related news, CEO Sean C. Woolverton acquired 982 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was bought at an average cost of $25.49 per share, with a total value of $25,031.18. Following the transaction, the chief executive officer now owns 62,698 shares of the company’s stock, valued at $1,598,172.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sean C. Woolverton acquired 1,106 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $22.72 per share, with a total value of $25,128.32. Following the completion of the transaction, the chief executive officer now directly owns 63,804 shares in the company, valued at approximately $1,449,626.88. The disclosure for this purchase can be found here. Insiders have acquired a total of 4,201 shares of company stock valued at $101,707 over the last ninety days.

A number of institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors acquired a new stake in SilverBow Resources during the 2nd quarter worth approximately $104,000. SG Americas Securities LLC acquired a new stake in SilverBow Resources during the 2nd quarter worth approximately $148,000. The Manufacturers Life Insurance Company acquired a new stake in SilverBow Resources during the 2nd quarter worth approximately $157,000. New York State Common Retirement Fund acquired a new stake in SilverBow Resources during the 2nd quarter worth approximately $196,000. Finally, Virtu KCG Holdings LLC acquired a new stake in SilverBow Resources during the 2nd quarter worth approximately $229,000. 31.00% of the stock is owned by institutional investors.

SilverBow Resources Company Profile

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