SilverBow Resources (SBOW) Scheduled to Post Earnings on Wednesday

SilverBow Resources (NYSE:SBOW) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect SilverBow Resources to post earnings of $1.84 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

SilverBow Resources (NYSE:SBOW) last released its quarterly earnings data on Wednesday, February 28th. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.89). The firm had revenue of $212.04 million for the quarter, compared to the consensus estimate of $231.43 million. SilverBow Resources had a net margin of 45.64% and a return on equity of 14.50%. On average, analysts expect SilverBow Resources to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

SilverBow Resources Trading Up 1.3 %

Shares of NYSE SBOW opened at $30.53 on Wednesday. The firm’s 50 day moving average price is $31.55 and its 200-day moving average price is $30.78. The company has a market cap of $779.13 million, a PE ratio of 2.51 and a beta of 2.46. SilverBow Resources has a 52-week low of $21.08 and a 52-week high of $43.95. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.05 and a current ratio of 1.05.

Analyst Ratings Changes

Several analysts have commented on SBOW shares. TheStreet upgraded SilverBow Resources from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. KeyCorp lowered shares of SilverBow Resources from an “overweight” rating to a “sector weight” rating in a research note on Thursday, January 11th. Roth Mkm began coverage on SilverBow Resources in a report on Monday, February 12th. They set a “buy” rating and a $41.00 price target on the stock. Mizuho reiterated a “buy” rating and set a $42.00 price objective on shares of SilverBow Resources in a research report on Friday, April 5th. Finally, Truist Financial dropped their target price on SilverBow Resources from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, SilverBow Resources has an average rating of “Moderate Buy” and an average price target of $44.50.

About SilverBow Resources

SilverBow Resources, Inc, an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.