6 Stocks Hit 52-Week Lows: BBY, JRCC, FSLR, NFX, SWN, XCO

NEW YORK ( TheStreet) -- The following stocks hit 52-week lows on Monday: Best Buy ( BBY), First Solar ( FSLR), James River Coal ( JRCC), Newfield Exploration ( NFX), Southwestern Energy ( SWN) and EXCO Resources ( XCO).

Best Buy

"Our LBO model shows that on a paper a deal is feasible at a price in the high $30 range, but, for the reasons listed below, we think a deal is unlikely: 1) Market share losses and increased competition would make it difficult for a buyer to stabilize comps and margins. Comps have fallen 2 years in a row and margins fell 50 bps last year. 2) The chairman Richard Schulze owns just under 20% and may be an unlikely seller. 3) At a high $30 range, the deal would require nearly $11b in debt and $5b in equity, bigger than recent LBO's in the space, which would make it difficult," Deutsche Bank analysts wrote in an April 18 report.

Shares of Best Buy hit a 52-week low on Monday of $21.31. The stock's 52-week high of $32.85 was set on June 21.

Best Buy is trying to cut costs to the tune of $800 million by fiscal year 2015 through layoffs and store closures. The retailer announced earlier this month the location of 50 store closings.

The company's board is looking for a new CEO following Brian Dunn's resignation earlier this month due to "personal conduct" issues.

Best Buy trades at an estimated price-to-earnings ratio for next year of 5.78 times; the average for specialty retailers is 15.84. For comparison, GameStop ( GME) has a higher forward P/E of 6.46.

Twenty of the 29 analysts who cover Best Buy rated it hold. Five analysts gave the stock a buy rating and four rated it sell.

TheStreet Ratings gives Best Buy a C grade and hold rating. The stock has fallen 6.68% year to date.

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First Solar

The stock was reportedly downgraded to neutral from outperform by Robert W. Baird.

"We're upgrading First Solar from Underperform to Buy, in recognition of the company's cost reduction efforts and the resulting likely impact both on earnings and valuation," Bank of America Merrill Lynch analysts wrote in an April 18 report. "The company still faces substantial challenges, and we still see earnings declining the next several years. That said, we have pointed to excess manufacturing capacity as a problem, and the company has addressed the issue with yesterday's announcement."

Shares of First Solar hit a 52-week low Monday of $19.10. The stock's 52-week high of $144.97 was set on April 29.

First Solar's forward P/E is 4.9 times; the average for renewable energy equipment companies is 8.5. For comparison, GT Advanced Technologies ( GTAT) has a lower forward P/E of 4.5.

Twenty-seven of the 39 analysts who cover First Solar rate it at hold. Six analysts give the stock a buy rating and another six rate it at hold.

TheStreet Ratings gives First Solar a C- grade and hold rating. The stock has fallen 41.71% year to date.


James River Coal

"We remain comfortable with our Neutral rating on JRCC," Davenport analysts wrote in a March 22 report. "We are concerned about the company's high-cost thermal coal position and its uncommitted thermal coal position in 2013. Current CAPP thermal coal prices are well below the company's 2012 cost guidance of about $75/t. Unless thermal prices rebound materially, JRCC may be forced to sell coal at a loss or shut in some thermal production next year. The highlight for JRCC is its trading business, which we believe is solidly profitable and often overlooked by investors."

Shares of James River Coal hit a 52-week low Monday of $4.30. The stock's 52-week high of $25.39 was set on May 2.

Ten of the 13 analysts who cover James River Coal rated it hold; three analysts gave the stock a buy rating.

TheStreet Ratings gives James River Coal a D grade and sell rating.

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Newfield Exploration

"Newfield Exploration has been making an important transition over the last several years," Barrington Research analysts wrote in an April 19 report. "They are increasing the percentage of total production derived from oil and natural gas liquids and they are also being disciplined in their focus of spending within cash flow. They have two current foundational assets: Monument Butte field (Green River oily sands) and the Woodford Shale (largely natural gas). The Woodford has been expanded with the recent acquisition of the Cana properties, which have more liquids potential. The Central Basin of the Williston and the Cana could become additional foundational assets. In the next three to five years, management believes they could have five to six foundational assets."

Shares of Newfield Exploration hit a 52-week low Monday of $31.62. The stock's 52-week high of $75.52 was set on May 31.

Newfield's forward P/E is 9.2; the average for exploration and production companies is 24.85. For comparison, Linn Energy ( LINE) has a forward P/E of 17.29.

Seventeen of the 30 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 12.8% year to date.


Southwestern Energy

"SWN could further reduce this year's $2.1 billion capital budget due to weak natural gas prices with its projected cash flow based on current strip natural gas prices about $100 million lower than its targeted $1.6 billion cash flow, which was based on $3.00/MMBtu," Ladenburg Thalman analysts wrote in an April 18 report. "However, SWN plans to at least initially maintain its drilling program and reduce science and midstream capital."

Shares of Southwestern Energy hit a 52-week low Monday of $27.15. The stock's 52-week high of $49.25 was set on July 25.

Southwestern Energy's forward P/E is 17.03; the average for exploration and production companies is 24.87. For comparison, Williams ( WMB) has a higher forward P/E of 18.69.

Sixteen of the 31 analysts who cover Southwestern Energy rated it hold. Thirteen analysts gave the stock a buy rating and two rated it sell.

TheStreet Ratings gives Southwestern Energy a C+ grade and hold rating. The stock has fallen 11.93% year to date.

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EXCO Resources

"After underperforming the group in 2011, XCO stock has underperformed YTD," JPMorgan analysts wrote in an April 19 report. "The underperformance likely is due to EXCO's above average gas leverage and investor concern about the company's liquidity position, in our view."

Shares of EXCO Resources hit a 52-week low Monday of $5.65. The stock's 52-week high of $21.03 was set on May 2.

Thirteen of the 16 analysts who cover EXCO Resources rated it hold. Two analysts gave the stock a sell rating and one rated it buy.

TheStreet Ratings gives EXCO Resources a D+ grade and sell rating. The stock has fallen 41.24% year to date.

-- Written by Alexandra Zendrian

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