60%+ returns in 2025: Here’s how AI-powered stock investing has changed the game
KBR Inc. has reached a new 52-week low, with its stock price dipping to 40.71 USD. This marks a significant downturn for the engineering and construction company, reflecting a 29.54% decrease over the past year. The decline in KBR's stock price over the last 12 months highlights the challenges faced by the company amid broader market volatility and sector-specific pressures. Investors will be closely monitoring the company's strategic responses to these challenges as it navigates through this period of financial adjustment.
In other recent news, KBR has secured significant contracts and made strategic moves in the engineering and energy sectors. The company was chosen by ENKA İnşaat ve Sanayi A.Ş. to provide detailed engineering design services for the Associated Gas Upstream Project Phase 2 in Iraq's Basra region, a part of TotalEnergies' Gas Growth Integrated Project. Additionally, KBR has been awarded a contract to deliver detailed engineering services for QatarEnergy's Bul Hanine oil and gas field, located off the coast of Doha, Qatar. Financial terms for these contracts were not disclosed.
In a strategic acquisition, KBR's joint venture, Brown & Root Industrial Services, has signed an agreement to acquire Specialty Welding and Turnarounds, enhancing its service offerings in North America. This acquisition is expected to create one of the largest specialty welding and turnaround service providers in the region. On the financial front, Truist Securities has raised its price target for KBR to $62 from $60, maintaining a Buy rating. The target adjustment considers the company's expected performance in its MTS and STS segments, alongside anticipated free cash flow.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.