Market Runner: KBR, Inc. Declines A lot Today, Is Now One of The Worst Performer

Market Runner: KBR, Inc. Declines A lot Today, Is Now One of The Worst Performer

The stock of KBR, Inc. (NYSE:KBR) is a huge mover today! About 516,021 shares traded hands. KBR, Inc. (NYSE:KBR) has declined 1.93% since March 11, 2016 and is downtrending. It has underperformed by 7.38% the S&P500.
The move comes after 6 months negative chart setup for the $2.06B company. It was reported on Oct, 14 by Barchart.com. We have $13.65 PT which if reached, will make NYSE:KBR worth $123.60M less.

Analysts await KBR, Inc. (NYSE:KBR) to report earnings on November, 7. They expect $0.32 earnings per share, down 20.00% or $0.08 from last year’s $0.4 per share. KBR’s profit will be $45.40M for 11.34 P/E if the $0.32 EPS becomes a reality. After $0.32 actual earnings per share reported by KBR, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

KBR, Inc. (NYSE:KBR) Ratings Coverage

Out of 8 analysts covering KBR Inc (NYSE:KBR), 3 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 38% are positive. KBR Inc has been the topic of 15 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded KBR, Inc. (NYSE:KBR) on Monday, March 28 to “Neutral” rating. The firm has “Sell” rating given on Tuesday, October 11 by Goldman Sachs. As per Wednesday, August 5, the company rating was maintained by UBS. The stock has “Sell” rating given by Goldman Sachs on Monday, December 7. The stock of KBR, Inc. (NYSE:KBR) has “Sell” rating given on Friday, November 13 by Citigroup. The company was upgraded on Tuesday, October 4 by Deutsche Bank. The firm has “Accumulate” rating given on Wednesday, October 5 by Johnson Rice. The firm has “Neutral” rating given on Thursday, August 6 by Bank of America. M Partners maintained the stock with “Neutral” rating in Tuesday, September 13 report. The firm has “Neutral” rating by M Partners given on Wednesday, June 29.

According to Zacks Investment Research, “KBR, Inc. is a leading global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets. The company is a leader in many of the growing end-markets it serves, particularly gas monetization, having designed and constructed, alone or with joint venture partners, more than half of the world’s operating liquefied natural gas (LNG) production capacity. KBR offers a wide range of services through its Upstream, Downstream, Technology, Services, Government and Infrastructure, and Ventures business segments.”

Insitutional Activity: The institutional sentiment increased to 1.42 in 2016 Q2. Its up 0.36, from 1.06 in 2016Q1. The ratio is positive, as 31 funds sold all KBR, Inc. shares owned while 59 reduced positions. 28 funds bought stakes while 100 increased positions. They now own 136.05 million shares or 4.84% more from 129.78 million shares in 2016Q1.
Rhumbline Advisers reported 221,051 shares or 0.01% of all its holdings. Deutsche Bank Ag holds 2.47M shares or 0.02% of its portfolio. The California-based California Employees Retirement System has invested 0.01% in KBR, Inc. (NYSE:KBR). Moreover, Wfg Advsr L P has 0% invested in KBR, Inc. (NYSE:KBR) for 14 shares. Huntington Fincl Bank last reported 1,000 shares in the company. The British Columbia – Canada-based Pacad Invest Ltd has invested 0.02% in KBR, Inc. (NYSE:KBR). State Street Corporation last reported 4.11 million shares in the company. Cantab Cap Partners Llp holds 45,960 shares or 0% of its portfolio. Moreover, Ameritas Inv Prtn has 0.02% invested in KBR, Inc. (NYSE:KBR) for 22,519 shares. Amalgamated Savings Bank has 19,376 shares for 0.02% of their US portfolio. Allianz Asset Management Ag accumulated 3.27M shares or 0.02% of the stock. Hbk Ltd Partnership accumulated 0.07% or 620,840 shares. Kanaly has invested 0% of its portfolio in KBR, Inc. (NYSE:KBR). Peak6 Invs Limited Partnership has 10,985 shares for 0% of their US portfolio. Millennium Ltd Liability Com holds 1.92 million shares or 0.06% of its portfolio.

More news for KBR, Inc. (NYSE:KBR) were recently published by: Fool.com, which released: “Shares of KBR, Inc. Jump 11% After Analyst Upgrades” on October 05, 2016. Twst.com‘s article titled: “KBR Inc.: KBR Joint Venture Wins Significant Kuwait Base Operations and …” and published on October 13, 2016 is yet another important article.

KBR Company Profile

KBR, Inc. (KBR), incorporated on March 21, 2006, is an engineering, procurement, construction and services company. The Firm supports global hydrocarbons and international Government services market sectors. The Firm 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 Firm operates through three business divisions: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS). The Firm provides services to a customer base, including international and national gas and oil companies, independent refiners, petrochemical producers, fertilizer producers, manufacturers and domestic and foreign Governments.

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