SilverBow Resources Inc (NYSE:SBOW) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 131,500 shares, a decline of 11.7% from the June 15th total of 149,000 shares. Based on an average trading volume of 19,600 shares, the days-to-cover ratio is currently 6.7 days. Currently, 1.3% of the company’s stock are sold short.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in shares of SilverBow Resources by 13.7% in the 2nd 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 last quarter. DW Partners LP boosted its stake in shares of SilverBow Resources by 1.8% in the 1st 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 last quarter. Walthausen & Co. LLC boosted its stake in shares of SilverBow Resources by 30.8% in the 1st 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 last quarter. Globeflex Capital L P boosted its stake in shares of SilverBow Resources by 88.0% in the 1st quarter. Globeflex Capital L P now owns 29,680 shares of the company’s stock valued at $683,000 after purchasing an additional 13,890 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of SilverBow Resources by 18.9% in the 1st quarter. Acadian Asset Management LLC now owns 37,964 shares of the company’s stock valued at $872,000 after purchasing an additional 6,045 shares during the last quarter. 82.69% of the stock is owned by institutional investors.

SilverBow Resources stock traded up $0.08 during midday trading on Monday, hitting $10.46. 10,300 shares of the stock were exchanged, compared to its average volume of 24,602. SilverBow Resources has a 1 year low of $9.98 and a 1 year high of $31.94. The stock has a market cap of $121.86 million, a price-to-earnings ratio of 1.65 and a beta of 0.48. 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 company has a 50 day simple moving average of $13.04.

SilverBow Resources (NYSE:SBOW) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.19). SilverBow Resources had a return on equity of 33.18% and a net margin of 29.72%. The firm had revenue of $72.06 million for the quarter, compared to analysts’ expectations of $68.80 million. On average, equities research analysts anticipate that SilverBow Resources will post 6.46 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating in a research note on Friday. Northland Securities set a $50.00 price target on shares of Polarityte and gave the stock a “buy” rating in a research note on Friday, May 10th.

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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