Wall Street brokerages expect that SilverBow Resources Inc (NYSE:SBOW) will post sales of $77.25 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for SilverBow Resources’ earnings, with the highest sales estimate coming in at $79.50 million and the lowest estimate coming in at $75.00 million. SilverBow Resources reported sales of $58.69 million during the same quarter last year, which indicates a positive year over year growth rate of 31.6%. The business is expected to issue its next quarterly earnings results on Wednesday, February 27th.
According to Zacks, analysts expect that SilverBow Resources will report full year sales of $246.35 million for the current year, with estimates ranging from $244.00 million to $248.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $344.90 million, with estimates ranging from $326.00 million to $363.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover SilverBow Resources.
SilverBow Resources (NYSE:SBOW) last posted its earnings results on Tuesday, November 6th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.64). SilverBow Resources had a return on equity of 20.00% and a net margin of 18.88%. The business had revenue of $65.03 million during the quarter, compared to the consensus estimate of $61.10 million.
Shares of SilverBow Resources stock traded up $0.08 during trading hours on Friday, reaching $24.99. The company’s stock had a trading volume of 11,600 shares, compared to its average volume of 25,075. SilverBow Resources has a one year low of $20.95 and a one year high of $34.76. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.47. The company has a market cap of $293.47 million, a PE ratio of 4.11 and a beta of 0.44.
In related news, Director Marcus C. Rowland sold 12,000 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $28.71, for a total transaction of $344,520.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in SilverBow Resources by 0.8% in the 3rd quarter. BlackRock Inc. now owns 370,192 shares of the company’s stock valued at $9,872,000 after buying an additional 2,777 shares during the period. Vanguard Group Inc. boosted its position in SilverBow Resources by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 319,285 shares of the company’s stock valued at $8,515,000 after buying an additional 12,466 shares during the period. Vanguard Group Inc boosted its position in SilverBow Resources by 4.1% in the 3rd quarter. Vanguard Group Inc now owns 319,285 shares of the company’s stock valued at $8,515,000 after buying an additional 12,466 shares during the period. Walthausen & Co. LLC purchased a new stake in SilverBow Resources in the 3rd quarter valued at about $6,026,000. Finally, Dimensional Fund Advisors LP boosted its position in SilverBow Resources by 18.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 184,460 shares of the company’s stock valued at $4,920,000 after buying an additional 28,121 shares during the period. 83.27% of the stock is owned by institutional investors.
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, 2017, it had proved reserves of 1.0 trillion cubic feet equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.
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