SilverBow Resources Inc. (NYSE: SBOW) stock jumped 1.80% on Monday to $35.65 against a previous-day closing price of $35.02. With 0.55 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.39 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $35.94 whereas the lowest price it dropped to was $34.88. The 52-week range on SBOW shows that it touched its highest point at $43.95 and its lowest point at $19.13 during that stretch. It currently has a 1-year price target of $59.75. Beta for the stock currently stands at 2.39.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SBOW was down-trending over the past week, with a drop of -13.03%, but this was down by -13.05% over a month. Three-month performance surged to 31.40% while six-month performance rose 69.92%. The stock lost -2.99% in the past year, while it has gained 26.06% so far this year. A look at the trailing 12-month EPS for SBOW yields 19.21 with Next year EPS estimates of 14.65. For the next quarter, that number is 2.02. This implies an EPS growth rate of 164.00% for this year and 141.69% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.90%.
Float and Shares Shorts:
At present, 22.61 million SBOW shares are outstanding with a float of 20.34 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.1 million, which was 4.85% higher than short shares on Jul 30, 2023. In addition to Mr. Sean C. Woolverton as the firm’s CEO & Director, Mr. Christopher M. Abundis serves as its Exec. VP, CFO & Gen. Counsel.
Institutional Ownership:
Through their ownership of 92.80% of SBOW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 41.43% of SBOW, in contrast to 26.60% held by mutual funds. Shares owned by individuals account for 20.55%. As the largest shareholder in SBOW with 7.52% of the stake, Riposte Capital LLC holds 1,700,000 shares worth 1,700,000. A second-largest stockholder of SBOW, BlackRock Fund Advisors, holds 1,093,435 shares, controlling over 4.83% of the firm’s shares. Ares Management LLC is the third largest shareholder in SBOW, holding 1,086,974 shares or 4.81% stake. With a 3.18% stake in SBOW, the Fidelity Low Priced Stock Fund is the largest stakeholder. A total of 719,489 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.08% of SBOW stock, is the second-largest Mutual Fund holder. It holds 469,507 shares valued at 20.09 million. iShares Russell 2000 ETF holds 1.78% of the stake in SBOW, owning 402,311 shares worth 17.21 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SBOW reported revenue of $182.60M and operating income of $133.31M. The EBITDA in the recently reported quarter was $133.30M and diluted EPS was $4.95.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBOW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SBOW analysts setting a high price target of $75.00 and a low target of $50.00, the average target price over the next 12 months is $59.75. Based on these targets, SBOW could surge 110.38% to reach the target high and rise by 40.25% to reach the target low. Reaching the average price target will result in a growth of 67.6% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded SBOW stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 471,569 while 175,862 shares were sold.
