SilverBow Resources, Inc. (NYSE:SBOW – Get Rating) CEO Sean C. Woolverton sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. Following the transaction, the chief executive officer now owns 240,721 shares of the company’s stock, valued at $9,628,840. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of NYSE SBOW opened at $38.40 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.46 and a current ratio of 0.46. SilverBow Resources, Inc. has a 52-week low of $7.60 and a 52-week high of $40.37. The firm has a 50 day moving average price of $29.44 and a two-hundred day moving average price of $26.64. The stock has a market cap of $645.20 million, a P/E ratio of 7.77 and a beta of 2.20.
SilverBow Resources (NYSE:SBOW – Get Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The company reported $4.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.27 by $1.29. SilverBow Resources had a net margin of 21.31% and a return on equity of 90.37%. During the same period in the previous year, the company posted $0.77 earnings per share. Analysts predict that SilverBow Resources, Inc. will post 7.6 earnings per share for the current fiscal year.
A number of research firms recently issued reports on SBOW. TheStreet upgraded shares of SilverBow Resources from a “d+” rating to a “c+” rating in a research report on Thursday, March 3rd. Truist Financial lowered their price objective on shares of SilverBow Resources from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 14th. Finally, Zacks Investment Research cut shares of SilverBow Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 20th.
About SilverBow Resources (Get Rating)
SilverBow Resources, Inc, an oil and gas company, acquires and develops assets in the Eagle Ford shale and Austin Chalk located in South Texas. As of December 31, 2021, it had proved reserves of 1,416 billion cubic feet of natural gas equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.
- Get a free copy of the StockNews.com research report on SilverBow Resources (SBOW)
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