Stock Market Recap: SilverBow Resources Inc (SBOW) Concludes at 38.32, a 0.29 Surge/Decline

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After finishing at $38.21 in the prior trading day, SilverBow Resources Inc (NYSE: SBOW) closed at $38.32, up 0.29%. In other words, the price has increased by $0.29 from its previous closing price. On the day, 0.72 million shares were traded. SBOW stock price reached its highest trading level at $38.77 during the session, while it also had its lowest trading level at $37.95.

Ratios:

Our goal is to gain a better understanding of SBOW by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 0.63. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.90.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on February 12, 2024, initiated with a Buy rating and assigned the stock a target price of $41.

On February 01, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $40.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 18 ’24 when Kimmeridge Energy Management C sold 2,100,000 shares for $37.00 per share. The transaction valued at 77,700,000 led to the insider holds 1,181,356 shares of the business.

Strategic Value Partners, LLC sold 2,530,000 shares of SBOW for $68,057,000 on Dec 14 ’23. The Former 10% Owner now owns 393,351 shares after completing the transaction at $26.90 per share. On Nov 28 ’23, another insider, DeSanctis Ellen, who serves as the Director of the company, bought 2,500 shares for $31.61 each. As a result, the insider paid 79,025 and bolstered with 2,500 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SBOW now has a Market Capitalization of 978677440 and an Enterprise Value of 2074877824. As of this moment, SilverBow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.18, and their Forward P/E ratio for the next fiscal year is 3.87. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 2.698 whereas that against EBITDA is 3.418.

Stock Price History:

The Beta on a monthly basis for SBOW is 2.58, which has changed by 0.30829632 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, SBOW has reached a high of $43.95, while it has fallen to a 52-week low of $25.19. The 50-Day Moving Average of the stock is 4.77%, while the 200-Day Moving Average is calculated to be 18.24%.

Shares Statistics:

The stock has traded on average 635.72K shares per day over the past 3-months and 421350 shares per day over the last 10 days, according to various share statistics. A total of 25.43M shares are outstanding, with a floating share count of 22.68M. Insiders hold about 11.20% of the company’s shares, while institutions hold 61.43% stake in the company. Shares short for SBOW as of 1718323200 were 1146299 with a Short Ratio of 1.69, compared to 1715731200 on 1402647. Therefore, it implies a Short% of Shares Outstanding of 1146299 and a Short% of Float of 5.390000000000001.

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