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Tuesday 18 August 2015
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Current Trade News Alert on: Sequenom, (NASDAQ:SQNM), New Source Energy Partners LP (NYSE:NSLP), Eagle Materials, (NYSE:EXP), SBA Communications (NASDAQ:SBAC)

During Thursday’s Current trade, Shares of Sequenom, Inc. (NASDAQ:SQNM), lost -1.06% to $2.81.

Sequenom, Inc. (SQNM), a life sciences company committed to enabling healthier lives through the development of innovative products and services, recently declared it will report financial results for the second quarter 2015 after closing of the NASDAQ Global Market on Wednesday, August 5, 2015.

A conference call hosted by William Welch, CEO, and other members of senior administration will take place on Wednesday, August 5, 2015, at 5:00 p.m. EDT (2:00 p.m. PDT) and will be webcast live on the Sequenom Website.

Sequenom, Inc., a life sciences company, develops and commercializes molecular diagnostics testing services for the women’s health and oncology markets in the United States and internationally. The company provides molecular based laboratory developed tests (LDTs) comprising MaterniT21 PLUS LDT, a noninvasive prenatal test (NIPT) to detect fetal chromosomal abnormalities; HerediT CF LDT, a carrier screen test to identify individuals with cystic fibrosis or genetic mutations; SensiGene fetal Rhesus D (RhD) LDT, a NIPT to determine the presence or absence of RhD factor by direct detection of the fetal RhD genotype in RhD negative mothers from a maternal blood sample; and VisibiliT LDT, a NIPT to detect fetal chromosomal abnormalities by determining the relative amount of chromosomal material present in circulating cell-free DNA in a maternal blood sample.

Shares of New Source Energy Partners LP (NYSE:NSLP), declined -7.10% to $1.44, during its current trading session.

New Source Energy Partners L.P. (NSLP) declared that the Board of Directors of its General Partner has decided to suspend the cash distribution on common units.

Under the terms of the Partnership’s 11.00% Series A Cumulative Convertible Preferred Units, a spin-out of the Partnership’s OFS business occurring preceding to either 2100 Energy, LLC having caused at least $100 million of oil and natural gas assets (less certain adjustments) to be transferred to a partner of the Partnership, or December 31, 2016, would require approval by the holders of the preferred units.

Second Quarter 2015 Financial Results and Conference Call

The Partnership will release second quarter 2015 financial results on Monday, August 10, 2015 preceding to the open of the New York Stock Exchange. The release will be followed by a conference call for investors at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) to talk about the Partnership’s second quarter results. Hosting the call will be Kristian B. Kos, Chairman and Chief Executive Officer, Dikran Tourian, President and Chief Operating Officer, and Amber Bonney, Principal Accounting Officer.

New Source Energy Partners L.P. acquires, owns, develops, and produces oil and natural gas properties in the United States. It operates through two segments, Exploration and Production, and Oilfield Services. As of December 31, 2014, the company had 145,919 gross acres in the Golden Lane, Luther, and Southern Dome fields in east-central Oklahoma; and 83 gross proved undeveloped drilling locations. It had proved reserves of about 16.3 MMBoe.

Eagle Materials, Inc. (NYSE:EXP), during its Thursday’s current trading session decreased -0.73% to $76.46.

Eagle Materials Inc. (EXP) will release financial results for the first quarter of fiscal 2016 ended June 30, 2015, on Monday, August 3, 2015, after the close of the NYSE and will host an investor conference call the next day, Tuesday, August 4, 2015, at 10:00 am Eastern Time (9:00 am Central Time).

Eagle Materials Inc. produces and sells construction products and building materials used in residential, industrial, commercial, and infrastructure construction; and products used in oil and natural gas extraction in the United States. The company operates in five segments: Cement, Gypsum Wallboard, Recycled Paperboard, Concrete and Aggregates, and Oil and Gas Proppants. The Cement segment is involved in the mining of limestone; and manufacture, production, distribution, and sale of portland cement, in addition to specialty oil well cement. The Gypsum Wallboard segment engages in the mining of gypsum; and manufacture and sale of gypsum wallboard used to finish the interior walls and ceilings in residential, commercial, and industrial structures.

Finally, SBA Communications Corporation (NASDAQ:SBAC), decreased -1.65%, to $114.88.

SBA Communications Corporation (SBAC) declared that its Board of Directors has authorized a new $1.0 billion stock repurchase plan. This new plan authorizes the Company to purchase from time to time the Company’s outstanding common stock through open market repurchases in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended, and/or in privately negotiated transactions at administration’s discretion based on market and business conditions, applicable legal requirements and other factors. Shares purchased will be stepped down. The new plan has no time deadline and will continue until otherwise modified or terminated by the Company’s Board of Directors at any time in the Company’s sole discretion. The new plan is not predictable to result in changes to the Company’s net debt/annualized adjusted EBITDA leverage level targets. The Company also declared the completion of the Company’s prior $300 million stock repurchase plan, repurchasing in May, 2015 the final $150 million of common stock authorized under the plan. The Company repurchased 1.305 million shares, or just over one percent of the shares presently outstanding, at an average price per share of $114.96.

SBA Communications Corporation owns and operates wireless communications tower structures, rooftops, and other structures that support antennas used for wireless communications in the United States and its territories, Canada, Central America, and Brazil. The company operates through two segments, Site Leasing and Site Development.

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