Research Analysts Offer Predictions for SilverBow Resources Inc’s Q1 2019 Earnings (SBOW)

SilverBow Resources Inc (NYSE:SBOW) – Research analysts at SunTrust Banks cut their Q1 2019 earnings per share (EPS) estimates for shares of SilverBow Resources in a research report issued to clients and investors on Monday, April 29th. SunTrust Banks analyst N. Dingmann now forecasts that the company will post earnings of $1.60 per share for the quarter, down from their prior estimate of $1.91. SunTrust Banks also issued estimates for SilverBow Resources’ FY2019 earnings at $6.96 EPS, FY2020 earnings at $8.27 EPS and FY2021 earnings at $9.50 EPS.

SilverBow Resources (NYSE:SBOW) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $2.92. The business had revenue of $88.15 million for the quarter, compared to analysts’ expectations of $78.60 million. SilverBow Resources had a return on equity of 33.08% and a net margin of 29.00%.

Separately, Zacks Investment Research cut SilverBow Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, April 4th.

SilverBow Resources stock opened at $17.80 on Thursday. The stock has a market capitalization of $207.89 million, a P/E ratio of 2.81 and a beta of 0.18. SilverBow Resources has a 12-month low of $17.18 and a 12-month high of $31.94. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.41.

Institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers bought a new position in SilverBow Resources in the fourth quarter valued at about $245,000. Mackay Shields LLC boosted its holdings in SilverBow Resources by 16.2% during the fourth quarter. Mackay Shields LLC now owns 11,153 shares of the company’s stock worth $264,000 after buying an additional 1,553 shares during the last quarter. First Trust Advisors LP boosted its holdings in SilverBow Resources by 18.9% during the fourth quarter. First Trust Advisors LP now owns 11,170 shares of the company’s stock worth $264,000 after buying an additional 1,779 shares during the last quarter. SG Americas Securities LLC bought a new position in SilverBow Resources during the first quarter worth about $305,000. Finally, Dupont Capital Management Corp bought a new position in SilverBow Resources during the fourth quarter worth about $385,000. Institutional investors and hedge funds own 83.39% of the company’s stock.

SilverBow Resources Company Profile

SilverBow Resources, Inc, an energy company, engages in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. As of December 31, 2018, it had proved reserves of 1,345 MMcfe. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.

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Earnings History and Estimates for SilverBow Resources (NYSE:SBOW)

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