Stocks That Fell to 3-Year Lows in the Week of June 16

Cenovus Energy, The Mosaic, Tractor Supply and Bed Bath & Beyond have declined to their respective three-year lows

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Jun 17, 2017
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Cenovus Energy Inc. (CVE, Financial), The Mosaic Co. (MOS, Financial), Tractor Supply Co. (TSCO, Financial) and Bed Bath & Beyond Inc. (BBBY, Financial) have declined to their three-year lows.

Cenovus Energy Inc (CVE, Financial) declined to $7.91

The prices of Cenovus Energy Inc. (CVE, Financial) shares have declined to $7.91 on June 16, which is only 1.3% above the three-year low of $7.81.

Cenovus Energy Inc. is a Canadian integrated oil company that is known for developing Canada’s oil sands with an emphasis on innovation, safety and environmental stewardship. The company’s business strategy focuses on creating value through the development of its oil sands assets and achieving predictable reliable performance.

Cenovus Energy Inc. has a market cap of $9.73 billion; its shares were traded around $7.91 with and P/S ratio of 0.61. The trailing 12-month dividend yield of Cenovus Energy Inc. stocks is 1.9%. The forward dividend yield of Cenovus Energy Inc. stocks is 1.91%.

On May 17 Cenovus Energy Inc. announced that it has closed its previously announced purchase of assets in Western Canada from ConocoPhillips after receiving all necessary regulatory approvals for the transaction. The acquired assets include ConocoPhillips’ 50% interest in the FCCL Partnership as well as most of ConocoPhillips’ Deep Basin assets in Alberta and British Columbia.

The Mosaic Co. (MOS, Financial) declined to $22.71

The prices of The Mosaic Co. (MOS, Financial) shares have declined to $22.71 on June 16, which is only 3.0% above the three-year low of $22.02.

The Mosaic Co. is an American Fortune 500 agriculture and fertilizer company. The company is the largest U.S. producer of potash and phosphate fertilizer, and produces specialty products MicroEssentials, K-Mag, and Pegasus. The company has 9.3 million tons of operational capacity for potash, and an annual operational capacity of approximately 15 million tons by 2021.

The Mosaic Co. has a market cap of $7.97 billion; its shares were traded around $22.71 with a P/E ratio of 206.45 and P/S ratio of 1.11. The trailing 12-month dividend yield of The Mosaic Co. stocks is 4.29%. The forward dividend yield of The Mosaic Co. stocks is 2.69%. The Mosaic Co. had an annual average earnings growth of 10% over the past 10 years.

On May 2 The Mosaic Co. reported first quarter fiscal 2017 results. The company reported a first quarter 2017 net loss of $1 million, compared to net earnings of $257 million in the first quarter of 2016. Furthermore, earnings per diluted share were zero, which included a negative 4 cents impact from notable items. The company’s net sales in the first quarter of 2017 were $1.6 billion, down from 1.7 billion in the first quarter 2016.

Tractor Supply Co. (TSCO, Financial) declined to $55.47

The prices of Tractor Supply Co. (TSCO, Financial) shares have declined to $55.47 on June 16, which is only 4.7% above the three-year low of $52.85.

Tractor Supply Co. is an American retail chain of stores that specializes in areas such as home improvement, agriculture, lawn and garden maintenance, and livestock and pet care. The livestock and pet products category accounted for 46% of the company’s sales in 2016. The company had a revenue of $6.8 billion in 2016 and a net income of $437.1 million in the same year.

Tractor Supply Co. has a market cap of $7.13 billion; its shares were traded around $55.47 with a P/E ratio of 17.17 and P/S ratio of 1.06. The trailing 12-month dividend yield of Tractor Supply Co. stocks is 1.78%. The forward dividend yield of Tractor Supply Co. stocks is 1.93%. Tractor Supply Co. had an annual average earnings growth of 20.6% over the past 10 years.

On April 26 Tractor Supply Co. reported first quarter fiscal 2017 results. The company reported a net sales of $1.56 billion, a 6.6% increase from 1.47 billion in the first quarter of 2016. Furthermore, gross profit increased 4.8% to $518.2 million from $494.4 million in the prior year's first quarter and gross margins decreased 60 basis points to 33.1% from 33.7% in the prior year's first quarter.

Bed Bath & Beyond Inc. (BBBY, Financial) declined to $35.33

The prices of Bed Bath & Beyond Inc. (BBBY, Financial) shares have declined to $35.33 on June 16, which is only 4.8% above the three-year low of $33.63.

Bed Bath & Beyond Inc. is an American international chain of merchandise retail stores that operate in the U.S., Canada, and Mexico. These stores sell mostly bedroom, bathroom and kitchen products. It has a total of 58,000 employees as of 2014.

Bed Bath & Beyond Inc. has a market cap of $5.09 billion; its shares were traded around $35.33 with a P/E ratio of 7.71 and P/S ratio of 0.43. The trailing 12-month dividend yield of Bed Bath & Beyond Inc. stocks is 1.47%. The forward dividend yield of Bed Bath & Beyond Inc stocks is 1.67%. Bed Bath & Beyond Inc. had an annual average earnings growth of 13.30% over the past 10 years.

On April 5 Bed Bath & Beyond Inc. reported financial results for the fourth quarter and full year of fiscal 2016. The company reported a net earnings of $1.84 per diluted share for the fiscal fourth quarter, compared with $1.91 per diluted share for the fiscal 2015 fourth quarter. Net sales for the fiscal 2016 fourth quarter were $3.5 billion, an increase of approximately 3.4% from net sales of 3.4 billion reported in the fiscal 2015 fourth quarter.

Disclosure: I do not own stock in any of the companies mentioned in the article.