"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.
Ferrellgas "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. TheStreet Ratings gives Ferrellgas a C- grade and hold rating. The stock has fallen 28.04% year to date.