SilverBow Resources Joins Russell Indexes
June 26 2017 - 7:00AM
Business Wire
SilverBow Resources, Inc. (NYSE:SBOW) announced today the
Company had joined the broad-market Russell 3000® Index, the
Russell 2000® Index and the Russell Microcap® Index at the
conclusion of the indexes’ annual reconstitution, which became
effective after the market closed on Friday, June 23.
Annual reconstitution of the Russell indexes captures the 4,000
largest US stocks as of May 12th, ranking them by total market
capitalization. Membership in the Russell 3000® Index, which
remains in place for one year, means automatic inclusion in the
large-cap Russell 1000® Index or small-cap Russell 2000® Index as
well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
“We are pleased to have been selected by the FTSE Russell for
inclusion in the Russell indexes,” said Sean Woolverton, CEO of
SilverBow Resources. “As we continue to execute on our strategic
plan, we believe being part of the Russell indexes will help
increase investor awareness and provide additional liquidity to our
shares.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $8.4 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
About SilverBow Resources
SilverBow Resources (NYSE: SBOW) is a Houston-based energy
company actively engaged in the exploration, development, and
production of oil and gas from the Eagle Ford Shale in South Texas.
With almost 30 years of history operating in South Texas, the
Company possesses a significant understanding of regional
reservoirs which we leverage to assemble high quality drilling
inventory while continuously enhancing our operations to maximize
returns on capital invested. For more information please visit
www.sbow.com.
About FTSE Russell
FTSE Russell is a leading global index provider creating and
managing a wide range of indexes, data and analytic solutions to
meet client needs across asset classes, style and strategies.
Covering 98% of the investable market, FTSE Russell indexes offer a
true picture of global markets, combined with the specialist
knowledge gained from developing local benchmarks around the world.
FTSE Russell index expertise and products are used extensively by
institutional and retail investors globally.
Approximately $12.5 trillion is currently benchmarked to FTSE
Russell indexes. For over 30 years, leading asset owners, asset
managers, ETF providers and investment banks have chosen FTSE
Russell indexes to benchmark their investment performance and
create investment funds, ETFs, structured products and index-based
derivatives. FTSE Russell indexes also provide clients with tools
for asset allocation, investment strategy analysis and risk
management.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on index innovation and customer
partnership applying the highest industry standards and embracing
the IOSCO Principles. FTSE Russell is wholly owned by London Stock
Exchange Group.
For more information, visit www.ftserussell.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170626005395/en/
SilverBow Resources, Inc.Doug Atkinson, CFA, 281-874-2700,
800-777-2412Senior Manager – Finance & Investor Relations
SilverBow Resources (NYSE:SBOW)
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