Shares of oil and gas company SilverBow Resources, Inc. (SBOW) are up 8 percent on Wednesday’s trading despite there being no company news to influence the stock movement.
The company had earlier posted first-quarter net income of $28.4 million or $2.31 per share, compared to a net loss of $5.86 million or $0.50 per share in the prior-year quarter.
Quarterly oil and gas sales rose to $86.7 million from $53.4 million last year.
The stock was trading at $15.59, up $1.32 or 8 percent on the NYSE.
SBOW has traded between $3.06 and $16.60 during the past 52 weeks.
Source: Read Full Article