Quadrature Capital Ltd Sells 15,814 Shares of SilverBow Resources, Inc. (NYSE:SBOW)

Quadrature Capital Ltd decreased its stake in shares of SilverBow Resources, Inc. (NYSE:SBOW) by 39.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,137 shares of the company’s stock after selling 15,814 shares during the period. Quadrature Capital Ltd owned approximately 0.09% of SilverBow Resources worth $702,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of SilverBow Resources by 18.7% during the third quarter. Vanguard Group Inc. now owns 909,694 shares of the company’s stock worth $32,540,000 after acquiring an additional 143,071 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in SilverBow Resources by 108.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 582,373 shares of the company’s stock worth $16,935,000 after purchasing an additional 302,413 shares during the last quarter. Kore Advisors LP acquired a new position in SilverBow Resources during the fourth quarter worth $9,366,000. Assenagon Asset Management S.A. boosted its holdings in SilverBow Resources by 120.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 280,240 shares of the company’s stock worth $8,149,000 after purchasing an additional 152,987 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in SilverBow Resources by 22.4% during the third quarter. American Century Companies Inc. now owns 237,253 shares of the company’s stock worth $8,487,000 after purchasing an additional 43,480 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

SilverBow Resources Stock Performance

Shares of SBOW stock opened at $37.45 on Friday. The stock has a market cap of $956.40 million, a P/E ratio of 5.06 and a beta of 2.52. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.63 and a quick ratio of 0.63. The company has a fifty day moving average price of $35.18 and a two-hundred day moving average price of $31.55. SilverBow Resources, Inc. has a one year low of $25.19 and a one year high of $43.95.

SilverBow Resources (NYSE:SBOW) last posted its earnings results on Wednesday, May 1st. The company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.25. The company had revenue of $256.68 million during the quarter, compared to analysts’ expectations of $272.27 million. SilverBow Resources had a net margin of 24.41% and a return on equity of 16.48%. During the same quarter last year, the company posted $0.95 EPS. As a group, equities analysts predict that SilverBow Resources, Inc. will post 8.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. TheStreet upgraded shares of SilverBow Resources from a “c” rating to a “b-” rating in a report on Wednesday, February 28th. Truist Financial increased their target price on shares of SilverBow Resources from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Mizuho cut shares of SilverBow Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, May 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, SilverBow Resources currently has a consensus rating of “Hold” and a consensus price target of $45.33.

About SilverBow Resources

SilverBow Resources, Inc, an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.