What’s in SilverBow Resources, Inc. (SBOW) After Forming Bullish Double Top Pattern?

June 16, 2018 - By reb123z

The chart of SilverBow Resources, Inc. (SBOW) shows a double top with $28.28 target or 7.00 % above today’s $26.43 share price. The 6 months chart pattern indicates low risk for the $307.02M company. It was reported on Jun, 16 by Finviz.com. If the $28.28 price target is reached, the company will be worth $21.49M more. Double tops are rare but powerful chart patterns.

The stock increased 0.04% or $0.01 during the last trading session, reaching $26.43. About 23,923 shares traded. SilverBow Resources, Inc. (NYSE:SBOW) has declined 2.25% since June 16, 2017 and is downtrending. It has underperformed by 14.82% the S&P500.

Analysts await SilverBow Resources, Inc. (NYSE:SBOW) to report earnings on August, 14. They expect $0.79 EPS, down 43.97 % or $0.62 from last year’s $1.41 per share. SBOW’s profit will be $9.18 million for 8.36 P/E if the $0.79 EPS becomes a reality. After $0.72 actual EPS reported by SilverBow Resources, Inc. for the previous quarter, Wall Street now forecasts 9.72 % EPS growth.

More news for SilverBow Resources, Inc. (NYSE:SBOW) were recently published by: Businesswire.com, which released: “SilverBow Resources to Participate at JP Morgan 2018 Energy Conference” on May 21, 2018. Businesswire.com‘s article titled: “SilverBow Resources to Participate at Wells Fargo West Coast Energy Conference” and published on May 22, 2018 is yet another important article.

SilverBow Resources, Inc., an energy company, engages in the exploration, development, and production of gas and oil from the Eagle Ford Shale in South Texas. The company has market cap of $307.02 million. As of December 31, 2016, it had estimated proved reserves of 124 million barrels of oil equivalent. It has a 4.23 P/E ratio. The firm was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc. in May 2017.

SilverBow Resources, Inc. (NYSE:SBOW) Ratings Chart

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