Enterprise Products Partners LP
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Energy : Oil, Gas & Consumable Fuels | Large Cap Value
Company profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company's segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company's midstream energy operations include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage, export and import terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems.

Premarket

Last Trade
Delayed
$19.25
0.57 (3.05%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$18.68
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
11,010

10-day average volume:
9,023,221
11,010

UPDATE: Aurora Cannabis reiterated as buy at Ladenburg Thalmann after better-than-expected earnings

1:47 pm ET May 18, 2020 (MarketWatch)
Print

Ladenburg Thalmann reiterated its buy rating on shares of Aurora Cannabis Inc. (ACB.T) on Monday after the Canadian cannabis company posted better-than-expected earnings last week. Analyst Glenn Mattson lowered his stock price target to $18 from a split-adjusted $36. Aurora conducted a 12-for-1 reverse stock split last week, after a delisting threat from the New York Stock Exchange as the stock was trading below $1. Mattson said the company's $75.5 million fiscal third-quarter revenue was ahead of his $67.6 million forecast, while consumer cannabis revenue of $41.5 million beat his forecast of $36.6 million. Aurora has made strides in its reorganization plan announced in February, the analyst wrote, with the goal of reducing sales, general and admin costs and R&D costs to a run rate of $40 million to $45 million as it exits the fiscal fourth quarter. "We think ACB can become a solid cash flow generator simply from the Canadian operations and, with a strong market position in Canada, the company can create significant value from here based on this one market," Mattson wrote. We do think that it will look to expand into the U.S. but not until federal legality is more clear." Shares rose 59%, but remain down 31% in the year to date, while the ETFMG Alternative Harvest ETF (MJ) has fallen 24% and the S&P 500 has fallen 9%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 18, 2020 13:47 ET (17:47 GMT)

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