WOR Share Price History
10 Jun, 2021
Worley's (ASX:WOR) stock up by 8.4% over the past three months. However, we decided to study the company's mixed-bag of...
07 May, 2021
A look at the shareholders of Worley Limited ( ASX:WOR ) can tell us which group is most powerful. Large companies...
07 Apr, 2021
Worley Limited ( ASX:WOR ) shareholders might be concerned after seeing the share price drop 14% in the last quarter...
02 Mar, 2021
Independent Non-Executive Director Emma Stein Just Bought 46% More Shares In Worley Limited (ASX:WOR)
Whilst it may not be a huge deal, we thought it was good to see that the Worley Limited ( ASX:WOR ) Independent...
08 Feb, 2021
The latest analyst coverage could presage a bad day for Worley Limited ( ASX:WOR ), with the analysts making...
25 Jan, 2021
Today we will run through one way of estimating the intrinsic value of Worley Limited ( ASX:WOR ) by estimating the...
22 Jan, 2021
Nothing exemplifies the evolution of the economy — from energy to technology — better than the story of KBR (NYSE:KBR). In fact, KBR stock is a prime example. Source: IgorGolovniov/shutterstock.com KBR originally stood for Kellogg, Brown & Root, significant names in the 20th century energy industry. For instance, during the Giant years of the 1950s, Brown & Root was the main contractor to call into oilfields. What’s more, the Brown family name is even all over my alma mater, Rice University — the company actually the built our football stadium. All that is to say that the Browns were one of the greatest American entrepreneurial stories of their time. And, in recently exiting the energy business, KBR has now made one of the greatest executive turns of the early 21st century.InvestorPlace - Stock Market News, Stock Advice & Trading Tips That’s all due to CEO Stuart Bradie — I wonder what the Browns would have made of him. A New Phase for KBR Stock In 2020, CEO Stuart Bradie led KBR’s exit from the fixed-price energy construction business. Instead of the old business, Bradie said that the new KBR will focus on government services and technology. 7 Great Sub-$20 Stocks to Buy After Inauguration Day This is a massive change. Energy services contracts, including liquified natural gas (LNG) terminals, had been 75% of the company’s business as recently as 2015. On top of that, the company had been a part of Halliburton (NYSE:HAL) — the oil field services giant — up until 2007. But KBR followed its energy announcement in August by buying Centauri, a military technology contractor, for $800 million. In the company’s second-quarter report, Bradie said about the shift to its two new areas of focus: “The transformation of our operating model greatly simplifies our business and allows us to further reduce risk and narrow our strategic focus. We continue to move upmarket into differentiated areas that provide attractive returns, consistent growth and strong cash conversion.” Bradie came in as the CEO of KBR back in 2014, moving from the Australian energy and chemicals company Worley (OTCMKTS:WYGPF). He began the move out of energy when that business was at its peak, growing KBR’s government services unit through acquisitions like Honeywell’s (NYSE:HON) technology solutions business. Now, he says KBR has achieved carbon neutrality and plans to be net-zero in carbon by 2030. Moreover, the “achievement of the company’s [environmental, social and governance] ESG goals” are now tied to its executive compensation plan. So far, it seems that these changes are going well. Instead of building LNG plants, KBR is now analyzing satellite data for the U.S. Geological Survey. It’s also the advisor for a hydrogen project in South Korea. Plus, it’s winning contracts on plastic recycling and carbon recycling. This could all be great news for KBR stock. By the Numbers However, none of this will matter if the company can’t do it at a profit. KBR stock entered trade on Jan. 22 at about $30.54 per share. That’s a market cap of about $4.38 billion, on what should be 2020 revenues of $5.82 billion. Of course, operations were hit hard by the pandemic and oil crash, so the company will likely report a loss for all of 2020. But KBR did make $52 million in net income for the third quarter, with revenue of nearly $1.4 billion, just $46 million short of what it did a year earlier. Moreover, analysts expect KBR to earn about 48 cents per share for the fourth quarter, on revenue of $1.5 billion. At the end of September, KBR reported $1.47 billion of long-term debt and $949 million in cash. However, as part of the transition, Bradie replaced the letter of credit system KBR had used for debt with a revolving credit facility that lets it borrow up to nearly $1.8 billion. The Bottom Line There’s no denying it: Bradie began executing his turn from the top of the energy curve and got his company and KBR stock out just as the market was crashing. Plus, in his third quarter report, Bradie noted $269 million in operating cash flow through September, solid margins of 9% and increased cash and earnings guidance for the full year. He dubbed the Centauri acquisition “highly strategic.” Essentially, this CEO has turned an energy engineering firm into a technology services business against a backdrop of slowly falling energy prices. The company today is fully valued, maybe a little overvalued based on cash flow. But that doesn’t mean it should fall off your radar. And Stuart Bradie is still just 54. When it comes to KBR, I can’t wait for his next trick. On the date of publication, Dana Blankenhorn did not have (either directly or indirectly) any positions in the securities mentioned in this article. Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post Under CEO Stuart Bradie, KBR’s Energy Shift Is Generating Promise appeared first on InvestorPlace.
24 Dec, 2020
Worley's (ASX:WOR) stock is up by a considerable 16% over the past three months. Given that stock prices are usually...
24 Nov, 2020
Independent Non-Executive Director Juan José Coppel Just Bought 240% More Shares In Worley Limited (ASX:WOR)
Even if it's not a huge purchase, we think it was good to see that Juan José Coppel, the Independent Non-Executive...
15 Oct, 2020
The big shareholder groups in Worley Limited (ASX:WOR) have power over the company. Large companies usually have...
28 Aug, 2020
Readers hoping to buy Worley Limited (ASX:WOR) for its dividend will need to make their move shortly, as the stock is...
04 Aug, 2020
Does the August share price for Worley Limited (ASX:WOR) reflect what it's really worth? Today, we will estimate the...