|Bid||14.96 x 0|
|Ask||13.85 x 0|
|Day's Range||13.72 - 14.18|
|52 Week Range||10.72 - 20.03|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||29.14|
|Earnings Date||Feb 18, 2019 - Feb 22, 2019|
|Forward Dividend & Yield||0.27 (1.87%)|
|1y Target Est||19.12|
DALLAS, April 29, 2019 /PRNewswire/ -- Jacobs (JEC) today announced that it has successfully closed the previously announced sale of its Energy, Chemicals and Resources (ECR) segment to WorleyParsons Limited (WOR.AX). "With admiration for the people of the ECR business, which dates back to our company's founding more than 70 years ago, we extend appreciation and best wishes for continued success as a new force for the future of the energy sector," said Jacobs Chair and CEO Steve Demetriou.
Moody's Investors Service ("Moody's") assigned a Ba3 rating to Oregon Clean Energy, LLC's $500 million senior secured term loan and $50 million senior secured revolving credit facility maturing in February 2026 and February 2024, respectively. The Ba3 rating considers the known capacity revenues through May 2022 derived from past PJM base residual auctions as a source of reliable cash flow and future revenues over the next three and a half years.
Scottish marine salvage group Ardent is adapting the tanksit used to refloat the Costa Concordia, the cruise ship wrecked off the Italian coast in 2012, to decommission North Sea oil platforms. It is one of several companies trying new ideas to win business in the market for dismantling disused oil platforms. In Britain's ageing oil fields alone, the opportunities could be worth up to 17 billion pounds before 2025, according to industry body Oil and Gas UK.
The Jacobs Engineering Group has announced plans to sell its energy, chemicals and resources unit to Australia-based WorleyParsons Limited for $3.3 billion. Dallas-based Jacobs says the company will focus on its other lines of businesses, including aerospace, technology, environmental and nuclear, plus infrastructure and advanced facilities. Jacobs spokeswoman Lorrie Paul Crum said Tuesday that the unit being sold is based in Houston, where the operation has about 3,000 employees.
The Australian company, which makes most of its money from designing, building, operating and maintaining refineries, offshore rigs and other giant pieces of equipment for the oil and gas industry, will more or less double in size as a result of the $3.3 billion deal announced Monday. The amount WorleyParsons is paying pretty much matches its own A$4.7 billion ($3.3 billion) market capitalization on the eve of the deal.
MELBOURNE/NEW YORK (Reuters) - U.S. firm Jacobs Engineering Group Inc (JEC.N) has agreed to sell its energy, chemicals and resources business to WorleyParsons (WOR.AX) for $3.3 billion, in a deal that will double the size of the Australian engineering services firm. The deal continues a shake-up of the engineering services industry, following Jacobs' $3.3 billion (2.5 billion pounds) purchase of rival CH2M Hill Cos Ltd last year and the 2.2 billion pound takeover of Amec Foster Wheeler by UK oilfield services firm John Wood Group. It comes as WorleyParsons emerges from a three-year downturn following the oil price crash, and positions it to tap growth in the refining and petrochemical sectors, with countries like India building massive new plants.
MELBOURNE/NEW YORK, Oct 21 (Reuters) - U.S. firm Jacobs Engineering Group Inc has agreed to sell its energy, chemicals and resources business to WorleyParsons for $3.3 billion, in a deal that will double the size of the Australian engineering services firm. The deal continues a shake-up of the engineering services industry, following Jacobs' $3.3 billion purchase of rival CH2M Hill Cos Ltd last year and the 2.2 billion pound ($2.9 billion) takeover of Amec Foster Wheeler by UK oilfield services firm John Wood Group. It comes as WorleyParsons emerges from a three-year downturn following the oil price crash, and positions it to tap growth in the refining and petrochemical sectors, with countries like India building massive new plants.
"For Jacobs, this transaction marks an inflection point in our portfolio transformation focused on more consistent, higher-margin growth as a leader solving the world's critical challenges," said Jacobs Chairman and CEO Steve Demetriou. "The increased financial flexibility we gain from this sale better positions us to invest in our ATEN and BIAF businesses, focusing our premier talent and expertise on technology, innovation and sustainable solutions that are priorities for our infrastructure and government services clients.
Moody's Investors Service has today assigned a provisional (P)B1 rating to Great Horizon Capital Pte Ltd's (GHCap) proposed senior secured notes of up to USD350 million. The provisional status of the rating will be removed upon Moody's satisfactory review of the final documentation. Moody's expects that GHCap will transfer the proceeds from the proposed USD notes to Great Horizon Consulting Pte Ltd (GHCon), a wholly owned subsidiary, who will on-lend the funds to DSSP Power Sumsel (P.T.) (Sumsel) in the form of an intercompany loan.
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