At the time of writing, SilverBow Resources Inc [SBOW] stock is trading at $29.79, up 4.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The SBOW shares have gain 8.60% over the last week, with a monthly amount glided 12.16%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, SilverBow Resources Announces Fourth Quarter and Full Year 2023 Results and 2024 Outlook. In a post published today on Yahoo Finance, 2023 performance advances business strategy with strong free cash flow generation, efficient production growth and lower than expected capital investments.
From an analyst’s perspective:
SilverBow Resources Inc [NYSE: SBOW] stock has seen the most recent analyst activity on February 12, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $41. Previously, Mizuho started tracking the stock with Buy rating on February 01, 2024, and set its price target to $40. On January 11, 2024, downgrade downgraded it’s rating to Sector Weight. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $34 on December 20, 2023. Pickering Energy Partners initiated its recommendation with a Neutral. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on September 20, 2022, and assigned it a price target of $58. In a note dated September 08, 2021, Truist upgraded an Buy rating on this stock.
For the past year, the stock price of SilverBow Resources Inc fluctuated between $19.13 and $43.95. Currently, Wall Street analysts expect the stock to reach $100 within the next 12 months. SilverBow Resources Inc [NYSE: SBOW] shares were valued at $29.79 at the most recent close of the market. An investor can expect a potential return of 235.68% based on the average SBOW price forecast.
Analyzing the SBOW fundamentals
According to SilverBow Resources Inc [NYSE:SBOW], the company’s sales were 652.36M for trailing twelve months, which represents an 6.57% jump. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.58%, and Net Profit Margin reading is 0.46%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.3 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.02.
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 28.92 points at the first support level, and at 28.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.49, and for the 2nd resistance point, it is at 31.20.
SilverBow Resources Inc [SBOW] reported earnings per share of $0.87 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.19/share, meaning a difference of -$1.32 and a surprise factor of -60.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.94 per share as compared to estimates of $2.27 per share, a difference of $0.67 representing a surprise of 29.50%.
Ratios To Look Out For
It is important to note that SilverBow Resources Inc [NYSE:SBOW] has a current ratio of 1.05. On the other hand, the Quick Ratio is 1.05, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 0.64 and price to earnings (TTM) ratio is 2.44.
Transactions by insiders
Recent insider trading involved Strategic Value Partners, LLC, Former 10% Owner, that happened on Dec 14 when 2.53 million shares were sold. Director, DeSanctis Ellen completed a deal on Nov 28 to buy 2500.0 shares. Meanwhile, Director ROWLAND MARCUS C bought 5000.0 shares on Nov 16.
