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US Airways, Brookfield, BreitBurn Rise to Highs

US Airways, Brookfield Properties and BreitBurn Energy Partners hit 52-week highs on Monday.
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BOSTON (TheStreet) -- The S&P 500 Index fell today after logging its fourth consecutive weekly decline. Here are three stocks that rose to 52-week highs.

3. BreitBurn Energy Partners

(BBEP)

jumped 12% to $14.93 as management announced a litigation settlement with

Quicksilver Resources

(KWK)

and reinstated its quarterly distribution at 38 cents. Shares of the oil and gas partnership rallied 18% during the past month.

The numbers

: BreitBurn swung to a third-quarter loss of $5.4 million, or 10 cents a share, from a profit of $454 million, or $8.41, a year earlier. Revenue plummeted 86% to $76 million. BreitBurn's operating margin tumbled from 87% to 11%. The company holds $2.2 million of cash and $585 million of debt. Its 2.2 debt-to-equity ratio indicates excessive leverage.

The stock

: We rate BreitBurn Energy Partners "hold." Its stock more than doubled during the past year, outperforming major U.S. indices. The shares are cheap relative to those of oil and gas peers based on all of our valuation measures, including trailing earnings, projected earnings, book value, sales and cash flow. With the reinstated distribution, they offer a 10% yield. Distributions are taxed differently than dividends.

2. US Airways

(LCC)

rose 0.7% to $5.93 as management of

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Delta Air Lines

(DAL) - Get Report

expressed confidence that its proposed slot-swap-agreement with US Airways would receive regulatory approval. Shares of the airline operator advanced 15% during the past month.

The numbers

: The company's fourth-quarter loss narrowed to $80 million, or 49 cents a share, as revenue declined 4.9% to $2.6 billion. The company's operating margin dropped from 2.4% to 1.9%. US Airways holds $1.3 billion of cash and $4.5 billion of debt. Our equity model gives US Airways a financial-strength score of 1.5 out of 10. The company posted losses in eight of the past nine quarters.

The stock

: We rate US Airways "sell." Its stock climbed 8.4% during the past year, lagging behind major U.S. indices. The shares are undervalued relative to those of airline peers based on projected earnings. But a negative shareholders' equity tally and consistent losses prohibit other valuation measures. Though 2009 losses were smaller than those of 2008, sales stagnation and thin margins are ongoing concerns.

1. Brookfield Properties

(BPO)

hit a 52-week high of $13.06 during today's session, but finished down 0.7% to $12.65. The company reported fourth-quarter results Friday. Shares of the real estate investment trust ascended 1.9% during the past month.

The numbers

: Fourth-quarter net income fell 60% to $181 million, and earnings per share dropped 83% to 25 cents, hurt by a larger float. Revenue climbed 12% to $826 million. The company's operating margin widened from 29% to 32%. Brookfield Properties holds $277 million of cash and $12 billion of debt. Its debt-to-equity ratio of 2 indicates excessive leverage.

The stock

: We rate Brookfield Properties "hold." The stock surged 87% during the past year, beating major U.S. indices. It has a beta, a measure of market correlation, of 2, tending to magnify market movements. The shares are inexpensive relative to those of real estate peers based on trailing earnings, book value and sales. They offer a 4.4% distribution yield.

-- Reported by Jake Lynch in Boston.