Brokerages expect SilverBow Resources, Inc. (NYSE:SBOW) to announce earnings per share (EPS) of $1.50 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for SilverBow Resources’ earnings. The lowest EPS estimate is $1.35 and the highest is $1.65. The company is scheduled to announce its next quarterly earnings report on Monday, February 5th.
According to Zacks, analysts expect that SilverBow Resources will report full-year earnings of $5.50 per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $5.98 per share, with EPS estimates ranging from $5.31 to $6.64. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow SilverBow Resources.
SilverBow Resources (NYSE:SBOW) last announced its quarterly earnings results on Monday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.21. SilverBow Resources had a net margin of 23.27% and a return on equity of 30.10%.
In related news, insider Sean C. Woolverton bought 1,102 shares of the stock in a transaction on Friday, December 15th. The shares were acquired at an average price of $23.54 per share, for a total transaction of $25,941.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sean C. Woolverton bought 761 shares of the stock in a transaction on Tuesday, January 16th. The shares were bought at an average price of $33.01 per share, for a total transaction of $25,120.61. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,092 shares of company stock worth $127,252 in the last 90 days.
Several large investors have recently modified their holdings of the company. Pentwater Capital Management LP bought a new position in shares of SilverBow Resources in the 2nd quarter worth approximately $15,114,000. Wells Fargo & Company MN lifted its stake in shares of SilverBow Resources by 2.3% in the 3rd quarter. Wells Fargo & Company MN now owns 292,404 shares of the company’s stock worth $7,178,000 after purchasing an additional 6,628 shares during the period. Vanguard Group Inc. bought a new position in shares of SilverBow Resources in the 2nd quarter worth approximately $4,637,000. State Street Corp bought a new position in shares of SilverBow Resources in the 2nd quarter worth approximately $1,834,000. Finally, Northern Trust Corp bought a new position in shares of SilverBow Resources in the 2nd quarter worth approximately $1,762,000. Hedge funds and other institutional investors own 30.06% of the company’s stock.
SilverBow Resources (SBOW) opened at $32.24 on Friday. SilverBow Resources has a one year low of $19.89 and a one year high of $33.80. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.
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SilverBow Resources Company Profile
SilverBow Resources is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. With almost 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which they leverage to assemble drilling inventory.
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