In a report released today, Jeff Grampp from Northland Securities reiterated a Buy rating on SilverBow Resources Inc (SBOW), with a price target of $36. The company’s shares closed yesterday at $17.23, close to its 52-week low of $16.71.
Grampp commented:
“We nonetheless continue to be encouraged with the company’s execution and look for a move to FCF generation before year-end 2019. We reiterate our Outperform rating and $36 PT.”
According to TipRanks.com, Grampp has 0 stars on 0-5 star ranking scale with an average return of -7.3% and a 37.5% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Penn Virginia Corporation, and Goodrich Petroleum Corp.
SilverBow Resources Inc has an analyst consensus of Moderate Buy, with a price target consensus of $36.
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The company has a one-year high of $31.94 and a one-year low of $16.71. Currently, SilverBow Resources Inc has an average volume of 32.58K.
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SilverBow Resources, Inc. is a growth-oriented independent oil and gas company. It engages in the acquiring and developing assets in the Eagle Ford Shale. The company was founded on October 11, 1979 and is headquartered in Houston, TX.
