Zacks: Analysts Anticipate SilverBow Resources Inc (NYSE:SBOW) to Post $1.72 EPS

Equities research analysts expect SilverBow Resources Inc (NYSE:SBOW) to post earnings of $1.72 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for SilverBow Resources’ earnings, with the highest EPS estimate coming in at $2.33 and the lowest estimate coming in at $1.10. SilverBow Resources reported earnings per share of $0.60 in the same quarter last year, which suggests a positive year over year growth rate of 186.7%. The company is scheduled to report its next earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that SilverBow Resources will report full-year earnings of $7.84 per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of $4.36 per share, with EPS estimates ranging from $2.42 to $6.29. Zacks’ EPS averages are an average based on a survey of research analysts that follow SilverBow Resources.

SilverBow Resources (NYSE:SBOW) last issued its earnings results on Wednesday, August 7th. The company reported $5.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $4.21. The company had revenue of $74.70 million for the quarter, compared to analyst estimates of $70.30 million. SilverBow Resources had a net margin of 48.20% and a return on equity of 50.63%.

Several equities analysts recently weighed in on the stock. Northland Securities reissued a “buy” rating and issued a $36.00 target price on shares of SilverBow Resources in a research note on Friday, May 10th. Zacks Investment Research raised shares of SilverBow Resources from a “strong sell” rating to a “hold” rating in a research note on Thursday.

SBOW stock traded up $0.34 during mid-day trading on Friday, hitting $8.38. 38,300 shares of the company were exchanged, compared to its average volume of 34,552. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.75. The firm has a market cap of $94.54 million, a P/E ratio of 1.32 and a beta of 0.46. The firm’s 50 day simple moving average is $11.25 and its 200 day simple moving average is $17.26. SilverBow Resources has a 1-year low of $7.40 and a 1-year high of $31.94.

Hedge funds have recently added to or reduced their stakes in the business. DW Partners LP lifted its holdings 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 worth $42,613,000 after buying an additional 32,702 shares in the last quarter. BlackRock Inc. raised its stake in SilverBow Resources by 12.8% in the second quarter. BlackRock Inc. now owns 454,939 shares of the company’s stock valued at $6,301,000 after purchasing an additional 51,466 shares in the last quarter. Walthausen & Co. LLC raised its stake in SilverBow Resources by 30.8% in 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in SilverBow Resources by 19.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 220,736 shares of the company’s stock valued at $5,218,000 after purchasing an additional 36,276 shares in the last quarter. Finally, Northern Trust Corp raised its stake in SilverBow Resources by 1.7% in the second quarter. Northern Trust Corp now owns 86,184 shares of the company’s stock valued at $1,194,000 after purchasing an additional 1,473 shares in the last quarter. 82.78% of the stock is owned by hedge funds and other institutional investors.

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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