Page 1 of 1
SBOW price action
Posted: Thu Jul 21, 2022 2:49 pm
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.
Re: SBOW price action
Posted: Thu Jul 21, 2022 11:08 pm
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.
Re: SBOW price action
Posted: Fri Jul 22, 2022 10:22 am
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