SilverBow Resources Inc (SBOW) stock is lower by 2.90% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With SBOW Stock Today?
SilverBow Resources Inc (SBOW) stock is trading at $3.68 as of 11:58 AM on Monday, Aug 10, a gain of $0.26, or 7.6% from the previous closing price of $3.42. The stock has traded between $3.51 and $3.76 so far today. Volume today is less active than usual. So far 111,642 shares have traded compared to average volume of 166,732 shares.
To see InvestorsObserver's Sentiment Score for SilverBow Resources Inc click here.
More About SilverBow Resources Inc
SilverBow Resources Inc is an independent oil and natural gas exploration and production company. It is developing, exploring, acquiring, and operating oil and gas properties in the Eagle Ford trend of South Texas. The company drilled wells in Fasken and Artesia. It initiated a horizontal drilling program to the Eagle Ford shale formation lying below the Olmos formation in the AWP field in McMullen County. The company's operations are focused in five fields which are Artesia, AWP, Fasken, Oro Grande, Uno Mas, and others in the Eagle Ford Shale trend of South Texas. The majority of the revenue is generated from Natural gas.
