NEW YORK ( TheStreet) -- Shares of these energy companies hit 52-week lows on Tuesday: Peabody Energy ( BTU), Newfield Exploration ( NFX) and James River Coal ( JRCC).
Peabody Energy The coal-mining company's stock fell after rival Consol Energy ( CNX) announced it plans to idle a longwall mining space in Virginia based on weak international demand for metallurgical coal. Shares of Peabody Energy hit a 52-week low of $29.86. The stock's 52-week high of $73.95 was set on April 4. Peabody Energy shares trade at an estimated price-to-earnings ratio for next year of 6.89 times; the average for coal companies is 11.1X. For comparison, both Walter Energy ( WLT) and Arch Coal ( ACI) have higher forward P/Es of 7.8X and 8.9X, respectively. Twenty-three of the 29 analysts who cover Peabody Energy rate it at buy. Five analysts give the stock a hold rating and one rates it at sell. TheStreet Ratings gives Peabody Energy a C+ grade and hold rating. The stock has fallen 7.46% year to date.