Equities research analysts expect SilverBow Resources Inc (NYSE:SBOW) to announce $70.30 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for SilverBow Resources’ earnings, with estimates ranging from $70.00 million to $70.60 million. SilverBow Resources reported sales of $51.35 million during the same quarter last year, which would suggest a positive year over year growth rate of 36.9%. The company is expected to issue its next earnings report after the market closes on Wednesday, August 7th.
According to Zacks, analysts expect that SilverBow Resources will report full-year sales of $289.00 million for the current financial year, with estimates ranging from $287.00 million to $291.00 million. For the next year, analysts expect that the company will post sales of $294.20 million, with estimates ranging from $291.40 million to $297.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for SilverBow Resources.
SilverBow Resources (NYSE:SBOW) last released its quarterly earnings data on Wednesday, May 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.19). SilverBow Resources had a net margin of 29.72% and a return on equity of 33.18%. The business had revenue of $72.06 million for the quarter, compared to analysts’ expectations of $68.80 million.
A number of large investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan bought a new position in shares of SilverBow Resources in the second quarter worth about $347,000. Strs Ohio boosted its stake in shares of SilverBow Resources by 13.7% during the second quarter. Strs Ohio now owns 30,700 shares of the company’s stock valued at $425,000 after purchasing an additional 3,700 shares during the period. DW Partners LP boosted its stake in shares of SilverBow Resources by 1.8% during the first quarter. DW Partners LP now owns 1,852,755 shares of the company’s stock valued at $42,613,000 after purchasing an additional 32,702 shares during the period. Walthausen & Co. LLC boosted its stake in shares of SilverBow Resources by 30.8% during the first quarter. Walthausen & Co. LLC now owns 280,527 shares of the company’s stock valued at $6,452,000 after purchasing an additional 65,983 shares during the period. Finally, Globeflex Capital L P lifted its stake in SilverBow Resources by 88.0% in the first quarter. Globeflex Capital L P now owns 29,680 shares of the company’s stock worth $683,000 after acquiring an additional 13,890 shares during the period. 82.69% of the stock is currently owned by institutional investors.
NYSE:SBOW traded up $0.27 during trading hours on Monday, hitting $9.60. The stock had a trading volume of 15,182 shares, compared to its average volume of 21,552. SilverBow Resources has a one year low of $9.16 and a one year high of $31.94. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market cap of $122.01 million, a P/E ratio of 1.51 and a beta of 0.46. The firm has a 50 day moving average price of $12.55.
About SilverBow Resources
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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