Market Overview

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

Share:
Related KBR
KBR Inc Awarded Eurasian FLNG FEED Contract, No Terms
US Stock Futures Edge Lower Ahead Of Housing Market Index
KBR Pens Licensing Agreement with Exelus, Shares Up - Analyst Blog (Zacks)
Related CVX
Molycorp Inc Takes Debt Payment Holiday: Stock Sinks
The Default Probabilities Of Struggling Energy Stocks
Chevron sells New Zealand service station business for $556M (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 2015Tudor PickeringUpgradesHoldAccumulate
Apr 2015Johnson RiceUpgradesHoldBuy
Apr 2015CLSADowngradesOutperformUnderperform

View More Analyst Ratings for KBR
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (CBI + CVX)

Around the Web, We're Loving...