6 Stocks Drop to 52-Week Lows: VG, NFX, FGP, RFMD, SKYW, JAG
NEW YORK ( TheStreet) -- Shares of the following stocks fell to 52-week lows on Tuesday: Vonage(VG) , Newfield Exploration (NFX) , Ferrellgas(FGP) , RF Micro (RFMD) , SkyWest(SKYW) and Jaguar Mining (JAG) .
"Vonage provided 2012 guidance that reflects an increased level of investment in strategic growth initiatives targeted at the mobile services market, new geographic expansion, and further penetrating the US ILD calling market," Citi analysts wrote in a Feb. 15 report.
Shares of Vonage hit a 52-week low Tuesday of $1.98. The stock's 52-week high of $5.39 was set on May 4.
Vonage has an estimated price-to-earnings ratio for next year of 5.73 times; the average for fixed-line telecommunications companies is 21. For comparison, TW Telecom (TWTC) has a forward P/E of 30.83.
Three of the four analysts who cover Vonage rated it buy and one gave the stock a hold rating.
TheStreet Ratings gives Vonage a C grade and hold rating. The stock has declined 18.78% year to date.
"Our valuation range is primarily based on our net asset value (NAV) estimate, which includes value for both proven and unproven reserves, as well as other net assets and liabilities," Wells Fargo analysts wrote in a March 15 report. "Our NAV estimate for NFX is $53.68. We apply a substantial discount to our NAV for uncertainty we see in ramping and emerging plays. Risks to our valuation range include volatility in commodity prices as well as execution risk in the Woodford."
Shares of Newfield hit a 52-week low on Tuesday of $33.23. The stock's 52-week high of $75.86 was set on April 11.
Newfield's forward P/E if 8.96; the average for exploration and production companies is 45.52. For comparison, EQT(EQT) has a higher forward P/E of 15.57.
Sixteen of the 29 analysts who cover Newfield rated it buy. Twelve analysts gave the stock a hold rating and one rated it sell.
TheStreet Ratings gives Newfield a C+ grade and hold rating. The stock has fallen 11.18% year to date.
"Additionally, the economic downturn, coupled with high propane prices, has led many propane users to conserve propane consumption," JPMorgan analysts wrote in an April 9 report. "Given these challenges, combined with debt covenant concerns, we recommend an UW on FGP."
Shares of Ferrellgas hit a 52-week low Tuesday of $13.39. The stock's 52-week high of $26.60 was set on May 2.
Ferrellgas' forward P/E is 45.45; the average for gas distribution companies is 17.15. For comparison, Oneok(OKE) has a lower forward P/E of 19.25.
Six of the seven analysts who cover Ferrellgas rated it sell; one analyst gave the stock a hold rating.