SilverBow Resources initiated with a Buy at Roth MKM

Roth MKM analyst Leo Mariani initiated coverage of SilverBow Resources with a Buy rating and $41 price target. The company offers “nice” organic production growth, long-term leverage to natural gas upside, a large acreage footprint that spans both oil and gas, and a discounted valuation, the analyst tells investors in a research note. The firm thinks SilverBow’s gas has unlocked long-term strategic value.