Market Overview

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

Share:
Related KBR
Analyst Warns Of 'Increased Uncertainty' Related To KBR's New Awards; Downgrades To Hold
Earnings Scheduled For April 29, 2016
KBR downgraded at Johnson Rice on uncertainty over new awards (Seeking Alpha)
Related CVX
After-Hours Recap: Fast Food Earnings, Index Movers
Chevron Q1'16 Earnings Conference Call: Full Transcript
Economic Earnings: The Antidote To Accounting Profits (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
May 2016Johnson RiceDowngradesAccumulateHold
Apr 2016Deutsche BankAssumesHold
Mar 2016Goldman SachsUpgradesSellNeutral

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!