SilverBow Resources Inc (NYSE:SBOW) Expected to Post Earnings of $1.72 Per Share
Analysts expect SilverBow Resources Inc (NYSE:SBOW) to announce earnings per share (EPS) of $1.72 for the current quarter, Zacks reports. Two analysts have issued estimates for SilverBow Resources’ earnings, with the lowest EPS estimate coming in at $1.10 and the highest estimate coming in at $2.33. SilverBow Resources reported earnings of $0.60 per share during the same quarter last year, which suggests a positive year over year growth rate of 186.7%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 5th.
On average, analysts expect that SilverBow Resources will report full-year earnings of $7.84 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will post earnings of $4.36 per share, with EPS estimates ranging from $2.42 to $6.29. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for SilverBow Resources.
SilverBow Resources (NYSE:SBOW) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $5.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $4.21. SilverBow Resources had a net margin of 48.20% and a return on equity of 50.63%. The company had revenue of $74.70 million during the quarter, compared to the consensus estimate of $70.30 million.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in SilverBow Resources by 4.9% during the fourth quarter. BlackRock Inc. now owns 388,437 shares of the company’s stock worth $9,182,000 after purchasing an additional 18,245 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in SilverBow Resources by 19.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 220,736 shares of the company’s stock worth $5,218,000 after purchasing an additional 36,276 shares in the last quarter. Geode Capital Management LLC raised its holdings in SilverBow Resources by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 62,123 shares of the company’s stock worth $1,468,000 after purchasing an additional 3,279 shares in the last quarter. Strs Ohio raised its holdings in SilverBow Resources by 8.9% during the first quarter. Strs Ohio now owns 27,000 shares of the company’s stock worth $621,000 after purchasing an additional 2,200 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in SilverBow Resources during the first quarter worth approximately $305,000. 82.80% of the stock is owned by institutional investors and hedge funds.
Shares of SBOW stock opened at $7.97 on Friday. The firm has a fifty day moving average of $10.55 and a 200-day moving average of $16.80. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.32. SilverBow Resources has a 12-month low of $7.40 and a 12-month high of $31.36. The company has a market capitalization of $101.36 million, a price-to-earnings ratio of 0.70 and a beta of 0.46.
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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