MKM Partners Initiates Coverage on KBR to Neutral

MKM Partners Initiates Coverage on KBR(NYSE:KBR). The shares have been rated Neutral. The rating by MKM Partners was issued on Jun 29, 2016.

In a different note, On May 2, 2016, Johnson Rice said it Downgrades its rating on KBR. The shares have been rated ‘Hold’ by the firm. On Apr 6, 2016, Deutsche Bank said it Assumes its rating on KBR. The shares have been rated ‘Hold’ by the firm.

KBR (KBR) made into the market gainers list on Fridays trading session with the shares advancing 0.30% or 0.04 points. Due to strong positive momentum, the stock ended at $13.28, which is also near the day’s high of $13.48. The stock began the session at $13.2 and the volume stood at 11,66,200 shares. The 52-week high of the shares is $19.94 and the 52 week low is $11.605. The company has a current market capitalization of $1,891 M and it has 14,24,23,300 shares in outstanding.

KBR(KBR) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $996.00M. Analysts had an estimated revenue of $1.06B. Earnings per share were $0.34. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2015, Ivor Harrington (President E&C) sold 14,965 shares at $15.50 per share price.

KBR Inc. is an engineering procurement construction and services company. The Company offers a portfolio of technology and consulting services; engineering construction procurement and asset maintenance services; and base operational logistics life support and asset management services. The Company operates in three business segments: Technology & Consulting (T&C) Engineering & Construction (E&C) and Government Services (GS). The T&C segment provides technologies and consulting services to the oil and gas value chain. The E&C provides engineering and engineering procurement and construction services for the development construction and commissioning of projects. The GS business segment focuses on service contracts particularly for the United Kingdom Australian and United States Governments. It provides services to international and national oil and gas companies independent refiners manufacturers and domestic and foreign Governments among others.

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