In a filing, SilverBow Resources Inc revealed its 10% Owner Kimmeridge Energy Management C unloaded Company’s shares for reported $77.7 million on Jun 18 ’24. In the deal valued at $37.00 per share,2,100,000 shares were sold. As a result of this transaction, Kimmeridge Energy Management C now holds 1,181,356 shares worth roughly $44.69 million.
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Then, Strategic Value Partners, LLC sold 2,530,000 shares, generating $68,057,000 in total proceeds. Upon selling the shares at $26.90, the Former 10% Owner now owns 393,351 shares.
Before that, DeSanctis Ellen bought 2,500 shares. SilverBow Resources Inc shares valued at $79,025 were divested by the Director at a price of $31.61 per share. As a result of the transaction, DeSanctis Ellen now holds 2,500 shares, worth roughly $94575.0.
ROTH MKM initiated its SilverBow Resources Inc [SBOW] rating to a Buy in a research note published on February 12, 2024; the price target was $41. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. KeyBanc Capital Markets also remained covering SBOW and has decreased its forecast on January 11, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. Citigroup started covering the stock on December 20, 2023. It rated SBOW as “a Neutral”.
Price Performance Review of SBOW
On Friday, SilverBow Resources Inc [NYSE:SBOW] saw its stock jump 0.45% to $37.83. Over the last five days, the stock has gained 1.01%. SilverBow Resources Inc shares have risen nearly 30.09% since the year began. Nevertheless, the stocks have risen 32.69% over the past one year. While a 52-week high of $43.95 was reached on 05/28/24, a 52-week low of $25.19 was recorded on 01/18/24. SMA at 50 days reached $35.54, while 200 days put it at $32.32. A total of 0.56 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For SBOW Stock
The 24-hour chart illustrates a support level at 37.47, which if violated will result in even more drops to 37.12. On the upside, there is a resistance level at 38.14. A further resistance level may holdings at 38.45. The Relative Strength Index (RSI) on the 14-day chart is 54.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.81%. Stochastics%K at 25.08% indicates the stock is a holding.
The most recent change occurred on October 12, 2023 when Pickering Energy Partners began covering the stock and recommended ‘”a Neutral”‘ rating.
