SilverBow Resorces, Inc. (NYSE:SBOW) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.80 per share.
For the full year, analysts predict revenues of $ 180.65 million, while looking forward to income of $ 1.97 per share.
Previous Quarter Performance
SilverBow Resorces, Inc. unveiled loss for the second quarter of $ 3.83 per share, from the revenue of $ 24.85 million. The quarterly revenues declined 65.55 percent compared with the same quarter last year. According to street consensus, SBOW was expected to report 2Q20 income of $ 0.23 per share from revenue of $ 31.30 million. The top line results fell short of analysts by $ 6.45 million or 20.61 percent.
Stock Performance
Shares of SilverBow Resorces, Inc. traded up $ 0.12 or 2.48 percent on Tuesday, reaching $ 4.96 with volume of 27.80 thousand shares. SilverBow Resorces, Inc. has traded high as $ 5.15 and has cracked $ 4.86 on the downward trend
According to the previous trading day, closing price of $ 4.96, representing a 222.67 % increase from the 52 week low of $ 1.50 and a 62.63 % decrease over the 52 week high of $ 12.95.
The company has a market capital of $ 59.19 million and is part of the Energy sector and Oil & Gas E&P industry.
SilverBow Resources, Inc., an energy company, engages in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. As of December 31, 2018, it had proved reserves of 1,345 MMcfe. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc.
