Market Overview

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

Share:
Related KBR
Jefferies Downgrades KBR, Notes 'Net Backlog Growth Difficult To Envision'
Deutsche Bank Analyst Trims Engineering & Construction Outlook On Oil Glut
Related CVX
Chevron Ignoring Broad Market Decline, Rallying With Crude Oil
Probes Reporter Research Update: Sony, iRobot, UGI Corp, Chevron and Oracle
The Incredible Shrinking Earnings Forecast (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
Mar 2015JefferiesDowngradesBuyHold
Mar 2015BarclaysMaintainsOverweight
Jan 2015Bank of AmericaInitiates Coverage onUnderperform

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...