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I think that we're just starting to see some rewards from the restructuring that KBR undertook, but it's going to take a lot longer and require higher crude prices for this share to climb up to the lofty spot that it should
The CC better be a good sales job......300M revenue decline yoy. EPS beat on "less than anticipated non reoccurring loss provisions" "lower overhead costs" and favorable correction of cumulative error".....We'll see how the street reacts.
All the best
KBR just announced that they will be hosting a conference call to discuss their second quarter 2015 financial results on Tuesday, August 4, 2015 at 8 am central time. They plan on releasing Q2 earnings in advance of the conference call. I had hoped that the share price had found a floor at $20 but that has certainly been pulled out from under us. Hope the earnings results can get us back on track.
Nice to see the June 9, 2015 announcement of the KBR - Kvaerner joint venture that landed a $860,000,000 Statoil platform contract. With thei know how and their connections KBR should be well on their way to recovery.
IMO, KBR is an international company and there is and will continue to be a need for both oil and gas infrastucture in the world, and they have the connections and the know how. Also the fact that they had restructured their company to be more efficient means that they should be able to make a decent profit on all of their projects. This last jump in the share price was rather fast, I think it might take another year to hit the $30 range. That still leaves a lot of people short of their entry level but let's hope that they are also able to recover over the next couple of years.
Just made money......In @15.11/out @ 20.30. 20 X forward earnings is a bit expensive IMO.
Good luck to all.
CS price target is 21$
Well it's really exciting to see this breakout above the $20 barrier today! It's moving up faster than I had imagined but I will continue cheerleading this up closer to the $30 rung of the ladder. Hopefully we can all make some money here.
Keep on holding. There fundamentals look very strong this year. I bought at the 16.11 price and is up 11%. I see resistance at 18.36. Let's see if that brings sellers. I am holding these till early next year, reinvest dividends and sell next year
I certainly am grateful that the share price has started moving up lately and hope that it continues, I'm still down a little over 5 dollars/share. Obviously the market liked the restructuring that the company made and the progress made so far and where it should continue to take us. I realize that there are those out there that are losing more that I have at this point but hopefully they can recover as well.
It was great to see KBR get a new $300m contract with Flint Hills Resources to expand the Corpus Christy Refinery. It was even better to see the share price rise $0.26 after Credit Agricole downgraded KBR from outperform to underperform, kinda shows the sway that Credit Agricole has. Let's keep getting new contracts and moving the share price upwards!