SilverBow Resources, Inc. (NYSE:SBOW – Get Rating) Director Strategic Value Partners, Llc sold 81,448 shares of the business's stock in a transaction on Monday, August 29th. The stock was sold at an average price of $44.47, for a total transaction of $3,621,992.56. Following the completion of the transaction, the director now directly owns 4,112,540 shares in the company, valued at approximately $182,884,653.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Strategic Value Partners, Llc also recently made the following trade(s):
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SilverBow Resources alerts:
- On Thursday, August 25th, Strategic Value Partners, Llc sold 8,904 shares of SilverBow Resources stock. The stock was sold at an average price of $46.10, for a total transaction of $410,474.40.
SilverBow Resources Price Performance
SBOW stock opened at $44.33 on Tuesday. The company has a market capitalization of $804.59 million, a PE ratio of 8.24 and a beta of 2.25. The company's fifty day moving average price is $37.08 and its 200-day moving average price is $34.85. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.50 and a current ratio of 0.50. SilverBow Resources, Inc. has a one year low of $18.06 and a one year high of $49.91.
Analysts Set New Price Targets
Several research firms have recently commented on SBOW. Truist Financial boosted their target price on shares of SilverBow Resources from $56.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, July 19th. TheStreet raised shares of SilverBow Resources from a "d+" rating to a "c" rating in a report on Wednesday, August 3rd.
Institutional Investors Weigh In On SilverBow Resources
Hedge funds have recently bought and sold shares of the business. Royce & Associates LP purchased a new stake in SilverBow Resources during the first quarter valued at $1,318,000. Principal Financial Group Inc. purchased a new stake in SilverBow Resources during the fourth quarter valued at $252,000. IPG Investment Advisors LLC purchased a new stake in SilverBow Resources during the fourth quarter valued at $980,000. Qube Research & Technologies Ltd purchased a new stake in SilverBow Resources during the first quarter valued at $312,000. Finally, 683 Capital Management LLC purchased a new stake in SilverBow Resources during the fourth quarter valued at $355,000. Hedge funds and other institutional investors own 79.93% of the company's stock.
SilverBow Resources Company Profile
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SilverBow Resources, Inc, an oil and gas company, acquires and develops assets in the Eagle Ford shale and Austin Chalk located in South Texas. As of December 31, 2021, it had proved reserves of 1,416 billion cubic feet of natural gas 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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