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6 Stocks Hit 52-Week Lows: BBY, JRCC, FSLR, NFX, SWN, XCO

Written by: Alexandra Zendrian 04/23/12 - 1:59 PM EDT
Tickers in this article: FSLR BBY SWN JRCC XCO NFX

"Newfield Exploration has been making an important transition over the last several years," Barrington Research analysts wrote in an April 19 report. "They are increasing the percentage of total production derived from oil and natural gas liquids and they are also being disciplined in their focus of spending within cash flow. They have two current foundational assets: Monument Butte field (Green River oily sands) and the Woodford Shale (largely natural gas). The Woodford has been expanded with the recent acquisition of the Cana properties, which have more liquids potential. The Central Basin of the Williston and the Cana could become additional foundational assets. In the next three to five years, management believes they could have five to six foundational assets."

Shares of Newfield Exploration hit a 52-week low Monday of $31.62. The stock's 52-week high of $75.52 was set on May 31.

Newfield's forward P/E is 9.2; the average for exploration and production companies is 24.85. For comparison, Linn Energy(LINE) has a forward P/E of 17.29.

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Seventeen of the 30 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 12.8% year to date.

Southwestern Energy

"SWN could further reduce this year's $2.1 billion capital budget due to weak natural gas prices with its projected cash flow based on current strip natural gas prices about $100 million lower than its targeted $1.6 billion cash flow, which was based on $3.00/MMBtu," Ladenburg Thalman analysts wrote in an April 18 report. "However, SWN plans to at least initially maintain its drilling program and reduce science and midstream capital."

Shares of Southwestern Energy hit a 52-week low Monday of $27.15. The stock's 52-week high of $49.25 was set on July 25.

Southwestern Energy's forward P/E is 17.03; the average for exploration and production companies is 24.87. For comparison, Williams(WMB) has a higher forward P/E of 18.69.

Sixteen of the 31 analysts who cover Southwestern Energy rated it hold. Thirteen analysts gave the stock a buy rating and two rated it sell.