Unveiling 4 Analyst Insights On SilverBow Resources
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on SilverBow Resources (NYSE:SBOW), with a mix of bullish and indifferent views. The average 12-month price target is now $44.75, down from $57.00, indicating a 21.49% decrease. Analysts from Mizuho, Citigroup, and Truist Securities have provided updated price targets and ratings, reflecting changes in market dynamics and company performance. SilverBow Resources, an independent oil and gas company, has seen a -28.17% decline in revenue growth as of September 30, 2023, and faces challenges in net margin, ROE, and ROA, despite maintaining a balanced debt approach.
February 01, 2024 | 2:00 pm
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SilverBow Resources has received mixed analyst ratings with a lowered average 12-month price target of $44.75, reflecting a 21.49% decrease from the previous target. The company faces revenue decline and profitability challenges.
The decrease in the average price target and the mixed analyst ratings, combined with the reported revenue decline and below-average performance in net margin, ROE, and ROA, suggest a negative short-term impact on SBOW's stock price. The balanced debt approach is a positive aspect but may not offset the negative factors in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100