Home / Features / Stocks with Active Concerns: First Horizon National (FHN), Southwestern Energy (:SWN), New Gold (NYSEMKT:NGD)

Stocks with Active Concerns: First Horizon National (FHN), Southwestern Energy (:SWN), New Gold (NYSEMKT:NGD)

Shares of First Horizon National Corporation (NYSE:FHN) [Trend Analysis] runs in leading trade, it moving down -4.57% to traded at $12.54. The firm has price volatility of 2.55% for a week and 2.10% for a month. Its beta stands at 1.42 times. First Horizon confirms it will takeover $637 million in restaurant franchise loans from GE Capital, expects immediate accretion to EPS (FHN). First Tennessee will takeover the Southeast and Southwest regional loan portfolios from GE Capital’s restaurant franchise finance business. The all-cash transaction comprises loans outstanding of about $637 million as of May 31.

Specific terms of the transaction are not being revealed. The transaction is predictable to be immediately accretive to First Horizon’s eps. The takeover loans will be combined with existing First Tennessee relationships to establish a restaurant franchise finance specialty lending business.

The new line of business will have over $800 million of outstanding loans following the transaction closes, which is predictable to happen in the third quarter. Narrow down four to firm performance, its weekly performance was -8.33% and monthly performance was -12.97%. The stock price of FHN is moving down from its 20 days moving average with -10.21% and isolated negatively from 50 days moving average with -10.37%.

Several matter pinch shares of Southwestern Energy Firm (NYSE:SWN) [Trend Analysis], as shares moving down -1.58% to $12.42 with a share volume of 11.68 Million. Southwestern Energy (SWN) rearranged and extends bank credit facilities. The firm has entered into contracts with substantially all of its bank group for its $2.0 bln revolving line of credit and its $750 million term loan to extend maturities and modify certain other terms and conditions of the credit facilities.

The Firm has entered a new $1.934 bln credit facility, consisting of a $1.191 bln secured term loan and a $743 million revolving credit facility, both due December 14, 2020. The existing $750 million term loan is extended to December 14, 2020, provided at least $375 million is paid by June 30, 2017.

The Firm’s existing unsecured revolving credit contract due in December 2018 remains in place but with the aggregate commitment reduced to $66 million. The stock is going forward its 52-week low with 148.40% and moving down from its 52-week high price with -48.34%. To have technical analysis views, liquidity ratio of a firm was calculated 3.90 as evaluated with its debt to equity ratio of 5.61. The float short ratio was 19.57%, as compared to sentiment indicator; Short Ratio was 4.81.

New Gold, Inc. (NYSEMKT:NGD) [Trend Analysis] luring active investment momentum, shares a loss -2.48% to $4.32. New Gold provided an update on results of the firm’s exploration programs at the New Afton C-zone and Peak Mines for the first half of 2016 (NGD).

“The results of the 2016 C-zone drilling confirm the continuity of mineralization immediately to the west of the block cave volume included in our C-zone feasibility study reserve, indicating good potential to additional raise New Afton’s overall mine life,” stated Mark Petersen, Vice President, Exploration. “Looking forward, it is particularly encouraging to see step out holes as far as 150 metres west of the planned block cave continue to intersect copper and gold mineralization at grades same to those presently being mined.” The total volume of 8.97 Million shares held in the session was surprisingly higher than its average volume of 4559.22 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 58.20%, and looking additional price to next year’s EPS is 341.18%. While take a short look on price to sales ratio, that was 3.16.


About Devon Leftovich

Devon Leftovich is an entrepreneur. He has been writing and editing professionally for over six years. He is admin editor and senior content writer of SWR. However, he has determined to give investors something rare, a dignified partner who can manage money with integrity and a clear conscience about the degree of due diligence behind investment decisions. He said, "I love the financial world because it is like one big puzzle and I hope we the SWR help each other out to solve the puzzle to help us realize our dreams." Interests: Analysis of different Companies; including news and analyst rating updates. He performs analysis of Companies and publicizes important information for investor/traders community. Stocks long-term and short-term holding views, Tech Stocks

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