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.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.