Market Overview

KBR Shares Slightly Higher as Analyst Sees Benefit from Chevron's Involvement in Kitimat Project

Share:
Related KBR
Earnings Scheduled For July 29, 2016
Analyst Warns Of 'Increased Uncertainty' Related To KBR's New Awards; Downgrades To Hold
KBR's (KBR) CEO Stuart Bradie on Q2 2016 Results - Earnings Call Transcript (Seeking Alpha)
Related CVX
Weak GDP Data, Plunging Oil Renew Questions About Strength Of Economy
Chevron Misses EPS Estimates, Attributes To Tough Industry Environment
Bad times for big oil - more pain may lie ahead, analysts say (Seeking Alpha)

Tudor Pickering's George O' Leary released a research note Wednesday morning suggesting Chevron's (NYSE: CVX) partaking in the Kitimat LNG project should be a "substantial positive" for KBR (NYSE: KBR). The analyst believes Chevron's involvement increases the odds of getting a final investment decision over the next year.

O' Leary said Foster Wheeler (NASDAQ: FWLT), Saipem, Chicago Bridge & Iron (NYSE: CBI) and Bechtel could be companies which might win contracts related to Kitimat.

Tudor Pickering maintains a Buy rating on shares of KBR.

The stock is up nearly 1.5 percent at last check.

Latest Ratings for KBR

DateFirmActionFromTo
Jun 2016MKM PartnersInitiates Coverage onNeutral
May 2016Johnson RiceDowngradesAccumulateHold
Apr 2016Deutsche BankAssumesHold

View More Analyst Ratings for KBR
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (CBI + CVX)

View Comments and Join the Discussion!