Insider Buying: SilverBow Resources Inc. (SBOW) Insider Buys $24,872.14 in Stock

SilverBow Resources Inc. (NYSE:SBOW) insider Sean C. Woolverton bought 1,102 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $22.57 per share, for a total transaction of $24,872.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of SilverBow Resources Inc. (NYSE:SBOW) traded up $0.33 during trading hours on Friday, hitting $22.66. The company had a trading volume of 9,576 shares, compared to its average volume of 37,200. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.50. SilverBow Resources Inc. has a 1-year low of $19.89 and a 1-year high of $35.70.

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A number of hedge funds have recently bought and sold shares of SBOW. Matlinpatterson Global Advisers LLC purchased a new stake in SilverBow Resources during the 2nd quarter worth approximately $9,405,000. Spark Investment Management LLC purchased a new stake in SilverBow Resources during the 2nd quarter worth approximately $279,000. Kornitzer Capital Management Inc. KS purchased a new stake in SilverBow Resources during the 2nd quarter worth approximately $862,000. Schwab Charles Investment Management Inc. purchased a new stake in SilverBow Resources during the 2nd quarter worth approximately $309,000. Finally, SG Americas Securities LLC purchased a new stake in SilverBow Resources during the 2nd quarter worth approximately $148,000. Institutional investors own 29.95% of the company’s stock.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded SilverBow Resources from a “sell” rating to a “hold” rating in a report on Friday, November 10th. BidaskClub downgraded SilverBow Resources from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. Stephens assumed coverage on SilverBow Resources in a report on Friday, September 29th. They set an “overweight” rating and a $28.00 target price on the stock. Northland Securities assumed coverage on SilverBow Resources in a report on Thursday, September 28th. They set an “outperform” rating and a $42.00 target price on the stock. Finally, Seaport Global Securities assumed coverage on SilverBow Resources in a report on Tuesday, August 1st. They set a “neutral” rating and a $25.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. SilverBow Resources has an average rating of “Hold” and an average price target of $31.67.

About SilverBow Resources

Insider Buying and Selling by Quarter for SilverBow Resources (NYSE:SBOW)

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