$1.42 Earnings Per Share Expected for SilverBow Resources, Inc. (SBOW) This Quarter

Brokerages forecast that SilverBow Resources, Inc. (NYSE:SBOW) will post earnings per share of $1.42 for the current quarter, according to Zacks. Two analysts have issued estimates for SilverBow Resources’ earnings, with estimates ranging from $1.35 to $1.48. The company is scheduled to issue its next earnings results after the market closes on Wednesday, February 28th.

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 expect that the business will report earnings of $5.98 per share, with EPS estimates ranging from $5.31 to $6.64. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow SilverBow Resources.

SilverBow Resources (NYSE:SBOW) last announced its quarterly earnings data on Monday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the 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%.

Several equities analysts recently issued reports on SBOW shares. BidaskClub downgraded shares of SilverBow Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of SilverBow Resources from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Seaport Global Securities raised shares of SilverBow Resources from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $32.50.

In related news, insider Sean C. Woolverton purchased 761 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was purchased at an average price of $33.01 per share, with a total value of $25,120.61. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sean C. Woolverton purchased 1,102 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average cost of $23.54 per share, with a total value of $25,941.08. The disclosure for this purchase can be found here. Insiders have purchased 4,861 shares of company stock valued at $127,285 in the last ninety days.

A number of hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System acquired a new position in SilverBow Resources during the fourth quarter worth approximately $211,000. Strs Ohio acquired a new position in SilverBow Resources during the fourth quarter worth approximately $389,000. Acadian Asset Management LLC acquired a new position in SilverBow Resources during the fourth quarter worth approximately $109,000. Bank of Montreal Can acquired a new position in SilverBow Resources during the fourth quarter worth approximately $158,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of SilverBow Resources in the third quarter worth $394,000. 28.06% of the stock is owned by hedge funds and other institutional investors.

SilverBow Resources (SBOW) opened at $29.59 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.55 and a current ratio of 0.55. SilverBow Resources has a one year low of $19.89 and a one year high of $33.21.

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About SilverBow Resources

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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