Silverbow Resources Stock Fair Value – SILVERBOW RESOURCES Reports Strong Second Quarter Financial Results for FY 2023
August 22, 2023
☀️Earnings Overview
SILVERBOW RESOURCES ($NYSE:SBOW) revealed their financial results for the second quarter of 2023 on June 30, 2023. Revenue for the quarter totaled USD 126.4 million, a dip of 30.8% from the same quarter in the previous year. Net income for the period was USD 24.9 million, a decline of 71.9% compared to the same time a year earlier.
Price History
The company opened at $34.3 and closed at $34.1, which was a decrease of 2.0% from the previous closing price of 34.7. The company attributed this quarter’s positive results to their strategic investments in new technologies and personnel, which have enabled them to increase their efficiency and maximize profits. They also benefited from strong global demand for energy, particularly in the Asia-Pacific region. Management remains confident that these positive results will continue into the next quarter as they continue to pursue new opportunities and capitalize on existing ones. SILVERBOW RESOURCES is well-positioned to capitalize on any potential growth or development opportunities in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Silverbow Resources. More…
| Total Revenues | Net Income | Net Margin |
| 707.51 | 435.33 | 41.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Silverbow Resources. More…
| Operations | Investing | Financing |
| 406.72 | -493.39 | 78.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Silverbow Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.84k | 929.83 | 40.26 |
Key Ratios Snapshot
Some of the financial key ratios for Silverbow Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 47.6% | 83.9% | 76.3% |
| FCF Margin | ROE | ROA |
| -12.9% | 37.6% | 18.3% |
Analysis – Silverbow Resources Stock Fair Value
At GoodWhale, we have conducted an analysis of SILVERBOW RESOURCES‘s financials. Through our proprietary Valuation Line, we have determined the fair value of SILVERBOW RESOURCES’ share to be around $25.6. However, at the moment, SILVERBOW RESOURCES’ stock is trading at $34.1, which means it is overvalued by 33.1%. More…
Peers
SilverBow Resources Inc is an oil and gas company that operates in the Permian Basin in Texas. The company is a leading player in the Permian Basin with a large land position and a large production base. The company’s competitors include Civitas Resources Inc, Ovintiv Inc, and EOG Resources Inc.
– Civitas Resources Inc ($NYSE:CIVI)
Civitas Resources is a publicly traded natural resources company with a focus on oil and gas exploration and production. The company has a market capitalization of $5.99 billion and a return on equity of 18.65%. Civitas Resources is headquartered in Houston, Texas.
– Ovintiv Inc ($NYSE:OVV)
Ovintiv Inc is an American oil and gas exploration and production company with operations in the United States, Canada, and South America. As of December 31, 2020, the company had 2.4 billion barrels of oil equivalent of proved reserves, of which 58% was petroleum, 28% was natural gas, and 14% was natural gas liquids. The company was founded in 1968 and is headquartered in Denver, Colorado.
– EOG Resources Inc ($NYSE:EOG)
EOG Resources Inc is a leading oil and gas company with a market cap of $85.72 billion and a ROE of 26.31%. The company is engaged in the exploration, development and production of crude oil and natural gas. EOG Resources Inc has a strong presence in the United States and operates in some of the most prolific oil and gas basins in the world. The company has a diversified portfolio of high-quality assets and is one of the largest independent oil and gas producers in the United States.
Summary
SILVERBOW RESOURCES recently reported increasingly disappointing financial results for the second quarter of fiscal year 2023. Total revenue decreased by 30.8% relative to the same period in the prior year, while net income decreased by 71.9%. This indicates that the company is facing headwinds in the current market environment, and investors should proceed with caution when considering investing in SILVERBOW RESOURCES. Analysts suggest that investors should analyze key performance indicators such as cash flow, operating margins, and dividend yields before making decisions on investing in SILVERBOW RESOURCES.
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