Market Overview

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

Share:
Related KBR
Goldman Remains Cautious On Construction Machinery Names
Goldman Slaps A Sell On KBR Shares, Cites 'Challenging Outlook For LNG Awards'
Related CVX
A Rocky Year Ahead For Oil Firms
Earnings: Pharma Tends to Top Street Estimate—Can PFE, MRK Repeat?
The Dogs Catch A Bid (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
Dec 2015Goldman SachsDowngradesNeutralSell
Nov 2015CitigroupInitiates Coverage onSell
Aug 2015Bank of AmericaUpgradesUnderperformNeutral

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!

Get Benzinga's Newsletters