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KBR

KBR

$14.82

0.26 (1.79%)

06:03
10/19/16
10/19
06:03
10/19/16
06:03

KBR awarded pre-FEED study for Indonesian LNG regas project

KBR announced the award of a pre-front end engineering and design, or FEED, study for PT Australasia LNG Indonesia's, or AALNG, new proposed LNG Hub terminal in Probolinggo, East Java, Indonesia. This is KBR's first contract with AALNG. Under the terms of the contract, KBR will provide a pre-FEED study for the onshore LNG regasification and truck loading distribution facilities of AALNG's proposed LNG Hub Terminal. The pre-FEED study will be further developed for subsequent implementation phases to meet a throughput capacity of 3 million MTPA. The terminal could potentially be expanded by adding more LNG Regas trains and LNG storage to meet future demands in the East Java region. This work is expected to be performed over ten weeks, with KBR performing the pre-FEED study through an integrated team led by LNG expertise from KBR's London office with support from KBR's Jakarta office and its Granherne subsidiary.

  • 01

    Nov

KBR KBR
$14.82

0.26 (1.79%)

10/05/16
JRCO
10/05/16
UPGRADE
Target $18
JRCO
Accumulate
KBR upgraded to Accumulate from Hold at Johnson Rice
Johnson Rice analyst Martin Malloy upgraded KBR to Accumulate with an $18 price target citing the recent pullback in shares and said the stock multiple should trend higher given the shift in business mix to more low-risk, cost reimbursement revenues.
10/05/16
10/05/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. UBS (UBS) upgraded to Sector Perform from Underperform at RBC Capital with analyst Fiona Swaffield saying she sees a dividend reduction as unlikely and believes expectations for the bank's Wealth Management business are now lower. 2. Parker-Hannifin (PH) upgraded to Buy from Hold at Stifel with analyst Nathan Jones saying distributors expect to see revenue growth declining 2% in the second quarter of fiscal 2017 which he believes should be enough for Parker to see its first positive year-over-year revenue comp company wide in six quarters. 3. Flex (FLEX) upgraded to Conviction Buy from Buy at Goldman with analyst Mark Delaney saying it is positioned to benefit from entry into new markets and valuation looks attractive. 4. KBR (KBR) upgraded to Accumulate from Hold at Johnson Rice with analyst Martin Malloy citing the recent pullback in shares and said the stock multiple should trend higher given the shift in business mix to more low-risk, cost reimbursement revenues. 5. Plains All American (PAA) upgraded to Outperform from Market Perform at Wells Fargo. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/16
GSCO
10/11/16
DOWNGRADE
Target $15
GSCO
Sell
KBR downgraded to Sell from Neutral at Goldman
Goldman analyst Jerry Revich downgraded KBR to Sell citing limited growth prospects due to outsized exposure to core LNG and greenfield ammonia capex cycles that are in the early stages of decline. The analyst lowered his price target to $15 from $16.
10/11/16
10/11/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Comerica (CMA) downgraded to Market Perform from Outperform at FBR Capital with analyst Bob Ramsey citing valuation following the recent strength in the shares. 2. Charter downgraded to Neutral from Buy at MoffettNathanson with analyst Craig Moffett saying shares have risen sharply year-to-date, along with consensus estimates, and views shares as fairly valued. 3. BHP Billiton (BHP) downgraded to Neutral from Buy at UBS with the firm citing its expectations for lower iron ore and coal prices over the next six months. 4. Illumina (ILMN) downgraded to Sell from Neutral at Janney Capital and to Neutral from Buy at Citi. 5. KBR (KBR) downgraded to Sell from Neutral at Goldman with analyst Jerry Revich citing limited growth prospects due to outsized exposure to core LNG and greenfield ammonia capex cycles that are in the early stages of decline. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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Karyopharm

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AMZN

Amazon.com

$1,001.30

-0.93 (-0.09%)

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Whole Foods

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BBBY

Bed Bath & Beyond

$33.74

0.08 (0.24%)

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NAP

Navios Maritime Midstream

$9.88

0.13 (1.33%)

06:19
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Navios Maritime Midstream rating change  »

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GOOG

Alphabet

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-2.36 (-0.25%)

, GOOGL

Alphabet Class A

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-2.36 (-0.25%)

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TSLA

Tesla

$382.61

6.21 (1.65%)

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TSN

Tyson Foods

$61.72

0.34 (0.55%)

06:16
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Tyson Foods to invest $49M to expand Macon, GA distribution center »

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HAIN

Hain Celestial

$32.66

-0.5 (-1.51%)

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Hain Celestial rating change  »

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BA

Boeing

$199.44

0.27 (0.14%)

, EADSY

Airbus

$20.80

-0.07 (-0.34%)

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Boeing announces layoffs at 787 Dreamliner campus, Post and Courier says »

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BA

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$199.44

0.27 (0.14%)

EADSY

Airbus

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FB

Facebook

$153.40

-0.51 (-0.33%)

, MSFT

Microsoft

$70.26

-0.01 (-0.01%)

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LinkedIn CEO: Sandberg seems 'quite happy' at Facebook, NY Post reports »

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FB

Facebook

$153.40

-0.51 (-0.33%)

MSFT

Microsoft

$70.26

-0.01 (-0.01%)

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SKT

Tanger Factory

$25.70

0.48 (1.90%)

06:11
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Tanger Factory rating change  »

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EADSY

Airbus

$20.80

-0.07 (-0.34%)

06:09
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AMZN

Amazon.com

$1,001.30

-0.93 (-0.09%)

, TWTR

Twitter

$18.15

0.37 (2.08%)

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Amazon wants to sell Thurs. Night Football ad deals for $2.8M each, Reuters says »

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AMZN

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$1,001.30

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TWTR

Twitter

$18.15

0.37 (2.08%)

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F

Ford

$11.13

0.09 (0.82%)

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Ford recalling nearly 16,000 cars in South Africa due to fire risk, Reuters says »

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  • 26

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ENOC

EnerNOC

$7.65

2.25 (41.67%)

06:05
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IBM

IBM

$154.40

0.61 (0.40%)

06:05
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IBM achieves climate protection goals four years early »

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VIVHY

Vivendi

$22.76

-0.105 (-0.46%)

06:04
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06:04
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CAT

Caterpillar

$103.84

0.37 (0.36%)

06:04
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DIS

Disney

$104.22

-0.58 (-0.55%)

, GOOG

Alphabet

$957.09

-2.36 (-0.25%)

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DIS

Disney

$104.22

-0.58 (-0.55%)

GOOG

Alphabet

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GOOGL

Alphabet Class A

$976.62

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CSCO

Cisco

$31.85

0.01 (0.03%)

P

Pandora

$7.80

0.29 (3.86%)

AMZN

Amazon.com

$1,001.30

-0.93 (-0.09%)

AAPL

Apple

$145.63

-0.24 (-0.16%)

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SPX

S&P 500

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Technical Analysis
S&P 500: Pivot points »

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NVS

Novartis

$86.34

3.78 (4.58%)

05:52
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Novartis Kisqali receives CHMP opinion as first-line treatment for HR+/HER2- »

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GDX

Market Vector Gold Miners

$22.36

0.25 (1.13%)

05:51
06/23/17
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Technical Analysis
Market Vector Gold Miners: Pivot points, pivot high broken »

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GLD

SPDR Gold Trust

$118.92

0.4 (0.34%)

05:50
06/23/17
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Technical Analysis
SPDR Gold Trust: Pivot points, pivot high broken »

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