KBR Grabs Strategic Petro Rabigh Contract In Saudi Arabia

benzinga_article
2026.02.18 16:04
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KBR has secured a 10-year maintenance contract with Petro Rabigh, boosting its shares in premarket trading. The contract involves advanced digital tools to enhance performance and marks Petro Rabigh's first outsourcing of maintenance services. Despite recent gains, KBR's stock is down 20.90% over the past year and shows mixed momentum indicators. Analysts maintain a Buy rating with a price target averaging $59.42. KBR's upcoming earnings report is anticipated on February 26, 2026, with an EPS estimate of 95 cents and revenue forecast of $1.90 billion.