CLD, XCO, NFX, NRG, NEM Fall to 52-Week Lows

NEW YORK ( TheStreet) -- Shares of the following stocks slipped to 52-week lows on Thursday: Cloud Peak Energy ( CLD), EXCO Resources ( XCO), Newfield Exploration ( NFX), NRG Energy ( NRG) and Newmont Mining ( NEM).

Cloud Peak Energy

"BMO Research recommends contrarian energy investors look into Cloud Peak," BMO Capital Markets analysts wrote in a March 8 report. "Cloud Peak has an attractive coal contract position with 94% of FY2012 production priced at $13.47/t and approximately 60% of FY2013 production priced at US$14.27/t. In addition, Cloud expects to sell ~4.5Mt to the export market via Westshore Terminals in Vancouver; just 4% of volumes, but at very attractive margins given strong thermal coal pricing in the Pacific Basin. Cloud Peak also has below-average costs for the Powder River Basin, one of the lowest-cost coal producing regions in the world, allowing it to compete even at natural gas pricing nearing US$3/mmBcf."

Shares of Cloud Peak Energy fell to a 52-week low of $15.72 on Thursday. The stock's 52-week high of $24.34 was set on Oct. 28.

Cloud Peak Energy has an estimated price-to-earnings ratio for next year of 7.25 times; the average for coal companies is 12.2. For comparison, Peabody Energy ( BTU) has a lower forward P/E of 6.63; Consol Energy's ( CNX) forward P/E is 11.36.

Ten of the 19 analysts who cover Cloud Peak Energy rated it buy. Eight analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives Cloud Peak Energy a C grade and a hold rating. The stock has declined 18.32% year to date.

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EXCO Resources

"We're downgrading to Underperform on natural gas weakness, deterioratingliquidity, a light 2013 hedge position, and too few meaningful organic oilgrowth opportunities," Jefferies analysts wrote in a March 15 report. "Given all of the above, our optimism for sizable liquids acquisition has waned."

Shares of EXCO fell to a 52-week low of $6.50 on Thursday. The stock's 52-week high of $21.04 was set on April 11.

EXCO's forward P/E is 181.11; the average for exploration and production companies is 18.35. For comparison, both CVR Energy ( CVI) and Targa Resources ( NGLS) have lower forward P/Es of 7.61 and 25.82, respectively.

Thirteen of the 17 analysts who cover EXCO rated it hold. Three analysts gave the stock a sell rating and one rated it buy.

TheStreet Ratings gives EXCO a D+ grade and sell rating. The stock has declined 37.56% year to date.


Newfield Exploration

"We downgrade NFX to Neutral from Buy," Goldman Sachs analysts wrote in a March 18 report. "In our view, shares have underperformed in the last year becauseassets the Street was willing to credit (Eagle Ford/Granite Wash/Bakken) underperformed or were de-prioritized, while assets on which NFX management is most focused (Uinta Basin oil, Malaysia and the now-disclosed Cana Woodford Shale) were not embraced by the Street. We were late in recognizing the impact of Eagle Ford/Granite Wash underperformance and extent to which the Street would focus on headline negatives from gas declines and shifts in regional capital allocation over oil growth elsewhere."

Shares of Newfield Exploration fell to a 52-week low of $33.74 on Thursday. The stock's 52-week high of $77.37 was set on March 30.

Newfield Exploration's forward P/E is 8.92; the average for exploration and production companies is 18.58. For comparison, EQT ( EQT) and Linn Energy ( LINE) have higher forward P/Es of 14.97 and 15.97, respectively.

Sixteen of the 29 analysts who cover Newfield Exploration rated it buy. Twelve analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives Newfield Exploration a C+ grade and a hold rating. The stock has fallen 10.1% year to date.

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NRG Energy

"Aside from the recent rally in ERCOT, the economics of operating baseload power plants have remained increasingly challenged as the price of natural gas has fallen another 10% YTD in 2012 (2014 strip)," Citi analysts wrote in a March 19 report. "The impact of which on NRG's fleet was illustrated in last week's announcement of plans to mothball the 530 MW Dunkirk coal plant in New York. We have removed this plant from our modeling assumptions."

Shares of NRG Energy fell to a 52-week low of $15.55 on Thursday. The stock's 52-week high of $25.66 was set on July 25.

NRG Energy's forward P/E is 390.25; the average for conventional electricity companies is 22.89. For comparison, Southern ( SO) and Exelon ( EXC) have lower forward P/Es of 15.9 and 13.31, respectively.

Seven of the 14 analysts who cover NRG Energy rated it buy. Six analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives NRG Energy a C grade and a hold rating. The stock has fallen 14.07% year to date.


Newmont Mining

"We reiterate our BUY rating for NEM, but are reducing our target to C$76.00/sh(from a previous target of $84.00/sh)," GMP Securities analysts wrote in a March 2 report. "The target reduction is primarily due to the higher capex guidance, elevatedcash costs, the elimination of Hope Bay's contribution to our NAV6% and the sector-wide derating we have witnessed over the past several months. Our new target represents a ±1.35x multiple to our NAV6% at GMP metal prices, placing it in line with our Goldcorp target P/NAV (1.35x), but ahead of our Kinross and Agnico-Eagle target P/NAV's (1.0x and 1.2x, respectively)."

Shares of Newmont Mining fell to a 52-week low of $50.47. The stock's 52-week high of $72.42 was set on Nov. 9.

Newmont Mining's forward P/E is 8.97; the average for gold mining companies is 12.05. For comparison, both Royal Gold ( RGLD) and Allied Nevada ( ANV) have higher forward P/Es of 25.48 and 12.94, respectively.

Eleven of the 20 analysts who cover Newmont Mining rated it hold. Eight analysts gave the stock a buy rating and one rated it sell.

TheStreet Ratings gives Newmont Mining a C+ grade and a hold rating. The stock has fallen 15.26% year to date.

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-- Written by Alexandra Zendrian

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