SilverBow Resources (SBOW) to Release Earnings on Wednesday

SilverBow Resources (NYSE:SBOW) is set to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.84 per share for the quarter. Investors 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 (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.89). SilverBow Resources had a net margin of 45.64% and a return on equity of 14.50%. The business had revenue of $212.04 million during the quarter, compared to the consensus estimate of $231.43 million. 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 Stock Performance

Shares of SBOW opened at $33.18 on Tuesday. The company has a market cap of $846.75 million, a price-to-earnings ratio of 2.72 and a beta of 2.46. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.99. SilverBow Resources has a 12 month low of $21.08 and a 12 month high of $43.95. The business’s fifty day simple moving average is $31.88 and its two-hundred day simple moving average is $30.72.

Analyst Ratings Changes

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

SilverBow Resources Company Profile

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.