Southwestern Energy (NYSE:SWN) Stake Boosted by Gabelli Funds LLC

Gabelli Funds LLC lifted its position in shares of Southwestern Energy (NYSE:SWN - Free Report) by 187.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,000 shares of the energy company's stock after acquiring an additional 150,000 shares during the period. Gabelli Funds LLC's holdings in Southwestern Energy were worth $1,548,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC bought a new position in Southwestern Energy during the first quarter worth $25,000. Pingora Partners LLC bought a new position in Southwestern Energy during the fourth quarter worth $30,000. Larson Financial Group LLC lifted its stake in Southwestern Energy by 4,752.1% during the second quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company's stock worth $40,000 after purchasing an additional 5,750 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Southwestern Energy during the first quarter worth $43,000. Finally, Choreo LLC bought a new position in Southwestern Energy during the second quarter worth $69,000. 86.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SWN shares. StockNews.com started coverage on Southwestern Energy in a research note on Wednesday, September 11th. They issued a "sell" rating on the stock. Susquehanna cut their target price on Southwestern Energy from $7.00 to $6.50 and set a "neutral" rating on the stock in a research note on Monday, August 19th. UBS Group cut their target price on Southwestern Energy from $7.50 to $7.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 18th. Scotiabank cut their target price on Southwestern Energy from $9.50 to $9.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 20th. Finally, Wolfe Research started coverage on Southwestern Energy in a research note on Thursday, July 18th. They issued a "peer perform" rating on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Southwestern Energy has a consensus rating of "Hold" and a consensus price target of $8.56.

Southwestern Energy Stock Performance

Shares of NYSE SWN traded up $0.23 during midday trading on Thursday, reaching $6.96. 40,110,162 shares of the company traded hands, compared to its average volume of 17,439,818. Southwestern Energy has a 52 week low of $5.85 and a 52 week high of $7.80. The stock has a 50-day moving average price of $6.33 and a 200 day moving average price of $6.91. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $7.68 billion, a price-to-earnings ratio of -4.00 and a beta of 1.12.

Southwestern Energy (NYSE:SWN - Get Free Report) last released its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. Southwestern Energy's revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. Sell-side analysts anticipate that Southwestern Energy will post 0.56 earnings per share for the current fiscal year.

About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.