SBOW price action

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SergioSays
Posts: 99
Joined: Mon Jul 12, 2021 8:59 am

SBOW price action

Post by SergioSays »

could be nothing, but nice price action in SBOW ever since July 6 when buyers showed up in size. Broke out of $26-$30 trading range and now up to ~$37 in a down energy market day. Someone may be sneakily accumulating.
aja57
Posts: 337
Joined: Sun May 29, 2022 10:35 pm

Re: SBOW price action

Post by aja57 »

Last few days of trading up on rather low volume. Wonder if the shorts are buying shares back in preparation for the earnings and guidance.
dan_s
Posts: 34465
Joined: Fri Apr 23, 2010 8:22 am

Re: SBOW price action

Post by dan_s »

TipRanks: "On July 19, 2022 Truist Securities (Neal Dingmann) Maintains Buy on SilverBow Resources, Raises Price Target to $62."

First Call's price target is $70.50

I have updated my forecast/valuation for SBOW and posted it to the EPG website.
> Q1 production was 37,667 Boepd
> The Sundance & Sandpoint Acquisitions have closed and they have SilverBow on a clear path to 60,000 Boepd by year-end.
> My current valuation is $100/share
Dan Steffens
Energy Prospectus Group
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