Month: July 2011

Mergers & Acquisitions

Xenith Bank Completes the Acquisition of Paragon Commercial Bank’s Richmond Branch Operations as Well as Select Loans and Deposits

July 29, 2011 0

Xenith Bank Completes the Acquisition of Paragon Commercial Bank’s Richmond Branch Operations as Well as Select Loans and Deposits XENITH WILL RETAIN ALL OF PARAGON’S RICHMOND-BASED EMPLOYEES; TRANSACTION WILL GROW XENITH’S ASSETS, DEPOSITS AND WORKFORCE PR Newswire RICHMOND, Va., July 29, 2011 RICHMOND, Va. , July 29, 2011 /PRNewswire/ — Xenith Bankshares, Inc. (NASDAQ:XBKS), parent company to Xenith Bank, today announced that Xenith Bank has completed its acquisition of Paragon Commercial Bank’s Richmond -based operations as well as select loans and deposits associated with Paragon’s only Virginia location […]

Mergers & Acquisitions

TETRA Technologies, Inc. Announces Acquisition of a New Derrick Barge

July 29, 2011 0

TETRA Technologies, Inc. Announces Acquisition of a New Derrick Barge PR Newswire THE WOODLANDS, Texas, July 29, 2011 THE WOODLANDS, Texas , July 29, 2011 /PRNewswire/ — TETRA Technologies, Inc. (TETRA or the Company) (NYSE: TTI) today announced that it has acquired a newly built derrick barge with a 1,600 metric ton capacity, fully-revolving crane and accommodations for 300 personnel for an expected total investment of approximately $71 million , including the purchase price and inspection, transportation and outfitting costs. […]

Stock Analysts

Southwestern Posts Impressive Q2 (CHK) (SWN)

July 29, 2011 0

Southwestern Energy Co. ( SWN ) reported second-quarter 2011 earnings of 48 cents per share, comfortably beating the Zacks Consensus Estimate of 43 cents and showing a 37% improvement from the year-earlier profit of 35 cents. The improved performance was led by production growth, primarily at its Fayetteville shale operations […]

Stock Analysts

Revenues Rise at BioMarin (BMRN) (SNY)

July 29, 2011 0

BioMarin Pharmaceutical Inc. ’s ( BMRN ) second quarter 2011 loss of $0.05 per share was narrower than the Zacks Consensus loss estimate of $0.12 per share. The narrower-than-expected loss was attributable to higher revenues recorded by BioMarin in the second quarter of 2011. […]

Stock Analysts

Chesapeake Tops on Oil Volume (CHK) (DVN) (EOG)

July 29, 2011 0

Natural gas provider, Chesapeake Energy Corp. ( CHK ) has reported sharper-than-expected adjusted second quarter 2011 earnings of 76 cents per share, striding ahead of the Zacks Consensus Estimate of 72 cents. The outperformance came on the back of a 62% expansion in liquid production volumes […]

Stock Analysts

Helmerich & Payne Tops Estimates (HP) (NBR) (PTEN)

July 29, 2011 0

Contract drilling services provider Helmerich & Payne Inc. ( HP ) reported robust third quarter fiscal 2011 results (three months ended June 30, 2011), aided by strong contributions from most of its business units. Earnings per share from continuing operations (excluding special items) were $1.00, surpassing the Zacks Consensus Estimate of 98 cents and prior-year results of 60 cents […]

Stock Analysts

Integra Delivers Mixed Results (IART)

July 29, 2011 0

Integra LifeSciences ( IART ) reported EPS of 2 cents in the second quarter of fiscal 2011 compared with 50 cents in the year-ago quarter, down 96%. However, adjusted EPS (excluding one-time items) was 70 cents, which edged out the Zacks Consensus Estimate of 69 cents and was 2.9% higher than the year-ago quarter. Total revenue during the quarter increased 8% year over year to $193.3 million. […]