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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.

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Crescent Energy is in advanced talks to acquire SilverBow Resources for $2.1 billion. This acquisition could significantly impact both companies' stock prices in the short term.

Portfolio Pulse from Charles Gross

May 16, 2024 | 10:41 am

Mizuho analyst William Janela has maintained a Buy rating on SilverBow Resources (SBOW) and increased the price target from $43 to $45.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:31 pm

Truist Securities analyst Neal Dingmann maintains a Buy rating on SilverBow Resources (SBOW) and raises the price target from $45 to $47.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:27 pm

SilverBow Resources has urged shareholders to vote for its director nominees, highlighting its strong Q1 financial results, debt reduction, and value from acquisitions. The company criticizes Kimmeridge Energy's attempt to merge with SilverBow, calling it dilutive and value-destructive. SilverBow boasts a 484% shareholder return since 2021, outperforming the XOP index. It also details the experience of its board members and the lack of experience among Kimmeridge's nominees.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:19 pm

SilverBow Resources (NYSE:SBOW) received varied analyst ratings, with a consensus leaning towards bullish. The average 12-month price target was slightly adjusted down by 0.35% to $42.6. Analyst actions included ratings and price target adjustments, reflecting dynamic market conditions and company performance. SilverBow's financial indicators show strong revenue growth, net margin, ROE, and ROA, outperforming industry averages, despite a market capitalization below industry averages and a debt-to-equity ratio indicating sound financial structure.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:00 pm

Mizuho analyst William Janela has maintained a Buy rating on SilverBow Resources (SBOW) and increased the price target from $42 to $43.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:04 pm

SilverBow Resources maintains its 2024 capital investment forecast at $470M-$510M, while increasing its free cash flow estimate to $175M-$200M. The company also raised its production guidance for 2024 to 90.0 - 97.3 MBoe/d, with Q2 expectations set at 90.8 - 95.4 MBoe/d.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:11 pm

SilverBow Resources (NYSE:SBOW) reported Q1 2024 adjusted EPS of $2.09, surpassing the $1.58 estimate, marking a 32.28% beat and a 23.67% increase from last year. However, their sales of $256.680M fell short of the $274.998M estimate by 6.66%, despite being an 83.40% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:05 pm

SilverBow Resources (NYSE:SBOW) has sent a letter to its shareholders outlining its stance against Kimmeridge Energy Management's proposal regarding Kimmeridge Texas Gas (KTG). SilverBow criticizes Kimmeridge's valuation of KTG as significantly inflated and argues that the proposed combination would be highly dilutive to SilverBow shareholders. The company asserts that KTG's assets are of lower quality and that its growth plan is value-destructive. SilverBow urges shareholders to vote for its director nominees to protect shareholder value against Kimmeridge's proxy fight aimed at forcing a detrimental combination.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:14 pm

SilverBow Resources (NYSE:SBOW) has been reviewed by 5 analysts in the last three months, showing a diverse outlook but overall bullish sentiment. The average 12-month price target is $42.00, with a recent decrease of 2.33%. Analyst actions include maintaining, raising, and lowering ratings and price targets. SilverBow Resources, an independent oil and gas company, has shown positive revenue growth and strong financial metrics such as net margin and ROE, despite a market capitalization below industry averages.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 7:00 pm

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