SilverBow Resources (SBOW) Update - June 12
Posted: Sat Jun 12, 2021 9:17 am
I have updated my forecast/valuation model for SBOW, one of the "gassers" in our Small-Cap Growth Portfolio.
SBOW closed at $22.64 on June 11
First Call's price target of $25.50 is the average of just two analysts' reports that are both over a month old and based on much lower gas and NGL prices than the current NYMEX strip.
I have increased my valuation by $8 to $42 per share.
We will be publishing an updated profile on this very profitable "gasser" late today.
SBOW closed at $22.64 on June 11
First Call's price target of $25.50 is the average of just two analysts' reports that are both over a month old and based on much lower gas and NGL prices than the current NYMEX strip.
I have increased my valuation by $8 to $42 per share.
We will be publishing an updated profile on this very profitable "gasser" late today.