Stocks That Fell to 3-Year Lows in the Week of July 19

Bristol-Myers Squibb Co., Vodafone Group PLC, Iron Mountain Inc. and Molson Coors Brewing Co. have declined to their respective three-year lows

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Jul 21, 2019
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Bristol-Myers Squibb Company (BMY, Financial), Vodafone Group PLC (VOD, Financial), Halliburton Co. (HAL) and Apache Corp (APA) have declined to their three-year lows.

Bristol-Myers Squibb Company (BMY, Financial) declined to $43.33

The prices of Bristol-Myers Squibb Company (BMY, Financial) shares have declined to $43.33, which is only 0.2% above the 3-year low of $43.26.

Bristol-Myers Squibb Company is an American international pharmaceutical company that manufactures prescription pharmaceuticals in various therapeutic areas including cancer, cardiovascular diseases, diabetes, hepatitis, and HIV.

Bristol-Myers Squibb Company has a market cap of $70.88 billion; its shares were traded around $43.33 with a P/E ratio of 13.72 and P/S ratio of 3.05. The trailing 12-month dividend yield of Bristol-Myers Squibb Company stocks is 3.78%. The forward dividend yield of Bristol-Myers Squibb Company stocks is 3.72%. Bristol-Myers Squibb Company had an annual average earnings growth of 18.40% over the past 5 years.

On July 1 Bristol-Myers Squibb Company announced that it has completed its previously announced divestment of its consumer health business, UPSA, to Taisho Pharmaceutical Co., the largest over the counter drug company in Japan. The divestiture is part of the company’s strategy to simplify and realign its business portfolio.

Vodafone Group PLC (VOD, Financial) declined to $16.11

The prices of Vodafone Group PLC (VOD, Financial) shares have declined to $16.11, which is only 3.6% above the 3-year low of $15.53.

Vodafone Group PLC is a British international telecommunications conglomerate that is ranked fourth in the world in the number of mobile customers as of 2018. The company is a component of the NASDAQ-100 and the FTSE 100. The company owns and operates networks in 25 countries and has partner networks in 47 other countries.

Vodafone Group PLC has a market cap of $42.66 billion; its shares were traded around $16.11 with and P/S ratio of 0.97. The trailing 12-month dividend yield of Vodafone Group PLC stocks is 6.27%. The forward dividend yield of Vodafone Group PLC stocks is 5.83%. Vodafone Group PLC had an annual average earnings growth of 12.90% over the past 5 years.

On July 18 Vodafone Group PLC announced that the European Commission has cleared its acquisition of Liberty Global’s operations in Germany, the Czech Republic, Hungary, and Romania. Following the completion of the €18.4 billion transaction, the company will become Europe’s leading converged operator. The company will have 116.3 million mobile customers, 24.2 million broadband customers, and 22.1 million TV customers across 13 European countries.

Halliburton Co. (HAL) declined to $21.75

The prices of Halliburton Co. (HAL) shares have declined to $21.75, which is only 3.5% above the 3-year low of $20.98.

Halliburton Co. is an American international oil field services company with operations in more than 80 countries. The company owns hundreds of subsidiaries, affiliates, branches, brands, and divisions worldwide. The company provides technical products and services for petroleum and natural gas exploration and production such as refineries, pipelines, and chemical plants.

Halliburton Co. has a market cap of $19.01 billion; its shares were traded around $21.75 with a P/E ratio of 10.83 and P/S ratio of 0.79. The trailing 12-month dividend yield of Halliburton Co. stocks is 3.32%. The forward dividend yield of Halliburton Co. stocks is 3.32%.

On July 1 Halliburton Co. announced that it has signed an Integrated Offshore Drilling Services contract with Kuwait Oil Company for six high pressure high temperature exploration wells on two jack-up rigs in the Arabian Gulf. Halliburton will provide and manage drilling, fluids, wireline, perforating, well testing, and offshore logistical services. The contract includes a 3-year term with a 6-month extension, with work beginning in mid-2020.

Apache Corp (APA) declined to $24.03

The prices of Apache Corp (APA) shares have declined to $24.03, which is only 3.6% above the 3-year low of $23.16.

Apache Corp. is an American international oil and gas exploration and production company. The company has operations in the United States, Egypt, and the United Kingdom. The company was ranked 411th on the Fortune 500 and is a component of the S&P 500 index.

Apache Corp has a market cap of $9.03 billion; its shares were traded around $24.03 with and P/S ratio of 1.27. The trailing 12-month dividend yield of Apache Corp stocks is 4.16%. The forward dividend yield of Apache Corp stocks is 4.25%.

On June 19 Apache Corp. announced the pricing of the previously announced cash tender offers to purchase a portion of its notes, including its 2.625% notes due in 2023, its 3.625% notes due in 2021, and its 3.250% notes due in 2022. The deadline for the purchases passed on June 21.

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