SilverBow Resources (STU:19W) Momentum Rank : 7 (As of May. 25, 2024)

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What is SilverBow Resources Momentum Rank?

SilverBow Resources has the Momentum Rank of 7.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of SilverBow Resources's Momentum Rank

For the Oil & Gas E&P subindustry, SilverBow Resources's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SilverBow Resources's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SilverBow Resources's Momentum Rank distribution charts can be found below:

* The bar in red indicates where SilverBow Resources's Momentum Rank falls into.

SilverBow Resources Momentum Rank Related Terms

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SilverBow Resources (STU:19W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SilverBow Resources Inc (STU:19W) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SBOW:USA

Address

920 Memorial City Way, Suite 850, Houston, TX, USA, 77024

Website

https://www.sbow.com

SilverBow Resources Inc is an independent oil and gas company. The company is focused on acquiring and developing assets in the Eagle Ford Shale and Austin Chalk located in South Texas. The company's acreage position in each of its operating areas is highly contiguous and designed for optimal and efficient horizontal well development. Its reported oil and gas sales are comprised of revenues from oil, natural gas and natural gas liquids sales. Majority of revenue is generated from Webb County Gas field.

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