It’s still a bull thesis, just subverted: SilverBow Resources Inc. (SBOW)

Currently, SilverBow Resources Inc. [SBOW] is trading at $35.55, down -1.03%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SBOW shares have gain 4.34% over the last week, with a monthly amount glided 7.73%, and seem to be holding up well over a long-time horizon.

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On 14, November 2022, Houston Chronicle Names SilverBow Resources a Winner of Houston’s Top Workplaces 2022 Award. In a post published today on Yahoo Finance, SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today it has been awarded a Top Workplaces 2022 honor by the Houston Chronicle. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The confidential survey uniquely measures 15 culture drivers that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.

From an analyst’s perspective:

SilverBow Resources Inc. [NYSE: SBOW] stock has seen the most recent analyst activity on September 20, 2022, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $58. Previously, Truist upgraded its rating to Buy on September 08, 2021. On March 09, 2021, upgrade upgraded it’s rating to Buy. Northland Capital upgraded its rating to a Outperform but stick to its price target of $7 on May 14, 2020. SunTrust downgraded its rating to a Hold.

This stock has fluctuated between a low of $19.00 and a high of $49.91 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $68.75 within the next 12 months. SilverBow Resources Inc. [NYSE: SBOW] shares were valued at $35.55 at the most recent close of the market. An investor can expect a potential return of 93.39% based on the average SBOW price forecast.

Analyzing the SBOW fundamentals

Recent quarter sales for SilverBow Resources Inc. [NYSE:SBOW] were 242.18 billion which represents 144.20% growth. Gross Margin for this corporation currently stands at +70.33% with Operating Margin at +60.24%, Pretax Margin comes in at +22.88%, and Net Margin reading is +21.31%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.92 points at the first support level, and at 34.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.12, and for the 2nd resistance point, it is at 36.68.

SilverBow Resources Inc. [SBOW] reported earnings per share of $2.5 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.26/share, meaning a difference of $0.24 and a surprise factor of 10.60%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $2.86 per share as compared to estimates of $2.46 per share, a difference of $0.4 representing a surprise of 16.30%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for SilverBow Resources Inc. [NYSE:SBOW] is 0.50. Further, the Quick Ratio stands at 0.46, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 1.24 and the P/E (TTM) ratio is 2.53.

Transactions by insiders

Insider trading, which has resulted in 0 insider purchases of 0 shares and 4 insider sales of 252,990 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Strategic Value Partners, LLC, Director, that happened on Aug 29 when 81448.0 shares were sold. Director, Strategic Value Partners, LLC completed a deal on Aug 26 to sell 21015.0 shares. Meanwhile, Director Strategic Value Partners, LLC sold 8904.0 shares on Aug 25.