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SBOW

SilverBow Resources, Inc.

https://www.sbow.com

Industry

Oil & Gas Exploration & Production

SilverBow Resources, Inc., an oil and gas company, acquires and develops assets in the Eagle Ford shale and Austin Chalk located in South Texas. As of December 31, 2021, it had proved reserves of 1,416 billion cubic feet of natural gas equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc. in May 2017. SilverBow Resources, Inc. was founded in 1979 and is headquartered in Houston, Texas.

Open

38.00

Mkt cap

940M

Volume

2.1M

High

38.00

P/E Ratio

4.69

52-wk high

43.95

Low

35.31

Div yield

N/A

52-wk low

25.19

Crescent Energy Company (NYSE:CRGY) has received stockholder approval for its merger with SilverBow Resources Inc. (NYSE:SBOW). The merger is expected to close on July 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:33 pm

Crescent Energy (NYSE:CRGY) and SilverBow Resources (NYSE:SBOW) announced preliminary results for the merger consideration elections. Approximately $358 million in cash will be paid to SilverBow shareholders, below the $400 million cap. The merger consideration includes options for stock, mixed, or cash payments.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:39 pm

Crescent Energy Company (NYSE:CRGY) and SilverBow Resources, Inc. (NYSE:SBOW) have announced the expiration of the Hart-Scott-Rodino Act waiting period, a key step towards Crescent's acquisition of SilverBow. Stockholder meetings are scheduled for July 29, 2024, and the transaction is expected to close shortly after approval.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:21 pm

Crescent Energy Co (NYSE:CRGY) has agreed to acquire SilverBow Resources Inc (NYSE:SBOW) for $2.1 billion. KeyBanc Capital Markets analyst Tim Rezvan initiated coverage of Crescent Energy with an Overweight rating and a price target of $16, citing the acquisition's significant impact and synergies.

Portfolio Pulse from Priya Nigam

June 27, 2024 | 5:22 pm

Kimmeridge has withdrawn its independent nominees to SilverBow Resources' board, indicating a potential resolution or change in strategy regarding board composition.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 12:05 pm

Fluent Inc. (NASDAQ:FLNT) shares fell 12.6% after reporting weaker-than-expected quarterly results, with an adjusted loss of 30 cents per share and sales of $65.983 million, missing estimates. Other notable stock movements include significant gains for Lucy Scientific Discovery Inc. (NASDAQ:LSDI) and Greenwave Technology Solutions, Inc. (NASDAQ:GWAV), and declines for Spire Global, Inc. (NYSE:SPIR) and a.k.a. Brands Holding Corp. (NYSE:AKA).

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 5:06 pm

Crescent Energy Co (NYSE:CRGY) is set to acquire SilverBow Resources Inc (NYSE:SBOW) for $2.1 billion. SilverBow shareholders will receive 3.125 shares of Crescent Class A stock per SilverBow share, with an option for cash at $38 per share, capped at $400 million. The deal, which includes adding two SilverBow directors to Crescent's board, expands Crescent's operations in the Eagle Ford shale basin. The transaction is expected to close by the end of Q3 2024.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 3:45 pm

Walmart posts better-than-expected earnings, leading to a 6.9% surge in its stock price. Other stocks also saw significant gains, including AST SpaceMobile, Canada Goose, Magnite, Lightspeed Commerce, Trupanion, SilverBow Resources, VinFast Auto, Corebridge Financial, Extreme Networks, NextNav, HUYA, ZTO Express, Chubb, Arvinas, Boeing, and Boot Barn.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 2:24 pm

SilverBow Resources shares are trading higher after the company announced that it entered into a definitive agreement to be acquired by Crescent Energy.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:12 pm

Crescent Energy (NYSE:CRGY) is set to acquire SilverBow Resources (NYSE:SBOW) in a $2.1 billion deal. SilverBow shareholders will receive 3.125 shares of Crescent Class A common stock per SilverBow share, with an option for cash at $38 per share, capped at $400 million.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:43 am

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