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LEU

Sector Update: Energy

Energy stocks were mixed, with the NYSE Energy Sector Index slipping 0.8% while shares of energy companies in the S&P 500 were up 0.5% as a group. Crude oil for December delivery down 31 cents at $80.23 per barrel while December natural gas was up 13 cents to $4.00 per 1 million BTU.

In company news, Centrus Energy Corp. ( LEU ) advanced Monday after the uranium producer regained compliance with listing standards of the New York Stock Exchange.

The company returned to compliance nearly 18 months after the stock exchange first warned it no longer met NYSE rules requiring listed companies to maintain a minimum market capitalization. Since that time, LEU completed a prearranged bankruptcy reorganization in April 2013 and a 1-for-25 reverse stock split in July 2013.

The company had a market capitalization of around $31.4 million entering today's session. Under NYSE rules, the stock will be subject to a 12-month follow-up period to ensure that it does not again fall out of compliance.

LEU shares recently were ahead nearly 5% at $6.50 apiece, easing slightly from a session high of $6.58 a share. The stock has traded within a 52-week range of $5.92 to $135.71 a share, declining more than 90% over the past 12 months.

In other sector news,

(+) EEP, (+2.3%) Q3 revenue rises 8.5% year over year to $1.94 bln, topping consensus view by around $70 mln. EPS of $0.25 lags Wall Street expectations by $0.01 per share.

(-) BWP, (-3.5%) Reports Q3 net income of $29.2 mln, or $0.12 per share, down sharply from $62.3 mln profit last year but matching Capital IQ consensus. Revenue rose 1.2% year over year to $278.9 mln, also beating estimates by around $25.67 mln.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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