Tudor Pickering lowered shares of KBR, Inc. (NYSE:KBR) from an accumulate rating to a hold rating in a report released on Monday, The Fly reports.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded KBR from a hold rating to a buy rating and set a $17.00 price objective for the company in a research report on Friday, January 15th. Credit Suisse upped their price objective on KBR from $22.00 to $23.00 and gave the company an outperform rating in a research report on Tuesday, November 3rd. Citigroup Inc. assumed coverage on KBR in a research report on Friday, November 13th. They set a sell rating and a $18.00 price objective for the company. Finally, Goldman Sachs cut KBR from a neutral rating to a sell rating and set a $19.00 price objective for the company. in a research report on Monday, December 7th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. KBR has a consensus rating of Hold and an average target price of $20.22.

Shares of KBR (NYSE:KBR) traded down 4.77% during trading on Monday, hitting $13.18. The company had a trading volume of 810,426 shares. The stock’s market capitalization is $1.90 billion. The firm’s 50 day moving average is $16.43 and its 200-day moving average is $17.67. KBR has a 52 week low of $13.17 and a 52 week high of $20.77.

KBR (NYSE:KBR) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company posted $0.21 EPS. The firm’s revenue was down 27.6% compared to the same quarter last year. Equities research analysts anticipate that KBR will post $1.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 15th. Stockholders of record on Tuesday, December 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, December 11th.

A number of institutional investors have recently made changes to their positions in KBR. Simplex Trading purchased a new position in shares of KBR during the fourth quarter worth approximately $0. Quotient Investors purchased a new position in shares of KBR during the fourth quarter worth approximately $783,000. Beacon Capital Management purchased a new position in shares of KBR during the fourth quarter worth approximately $0. KBC Group raised its position in shares of KBR by 9.2% in the third quarter. KBC Group now owns 63,116 shares of the company’s stock worth $1,052,000 after buying an additional 5,325 shares during the last quarter. Finally, ING Groep raised its position in shares of KBR by 2.0% in the third quarter. ING Groep now owns 637,683 shares of the company’s stock worth $10,637,000 after buying an additional 12,724 shares during the last quarter.

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 (NYSE:KBR), 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.

12 Month Chart for NYSE:KBR

The Fly

Receive News & Ratings for KBR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.