SilverBow Resources price target raised to $51 from $41 at Truist

Truist analyst Neal Dingmann raised the firm’s price target on SilverBow Resources to $51 from $41 and keeps a Buy rating on the shares after its Q2 results. The company continues to expand upon its sizeable Eagle Ford position with the most recent addition of 2.2K net acres and should be able to grow oil production by 100%, decreasing the natural gas production weighting to below 60% by the end of next year, the analyst tells investors in a research note.