Energy Stocks Hitting 52-Week Lows: Peabody, Newfield, James River Coal

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.

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James River Coal

The thermal and metallurgical coal company's shares hit a 52-week low of $5.01. The stock's 52-week high of $25.51 was set on April 4.

Ten of the 13 analysts who cover James River Coal rate it at hold; three analysts give the stock a buy rating.

James River Coal gets a D grade and sell rating from TheStreet Ratings. The stock has dropped 21.68% year to date.


Newfield Exploration

The independent energy company's stock hit a 52-week low of $34.01. The stock's 52-week high of $77.93 was set on March 22, 2011.

"While the oil mix continues to improve, higher operating and development costs are leading to a sizable near-term outspend," Jefferies analysts wrote in a March 2 report. "Positive results from upcoming Uinta Basin horizontals would be a step in the right direction, but scalability will remain a question mark."

Newfield Exploration shares trade at a forward P/E of 8.2X; the average for exploration and production companies is 16.3X. For comparison, both Denbury Resources ( DNR) and Cabot Oil & Gas ( COG) have higher forward P/Es of 11.1X and 24.3X, respectively.

Seventeen of the 30 analysts who cover Newfield Exploration rate it at buy. Twelve analysts give the stock a hold rating and one rates it at sell.

TheStreet Ratings gives Newfield Exploration a C+ grade and hold rating. The stock has fallen 9.04% year to date.

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-- Written by Alexandra Zendrian in New York.

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