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Jacobs (JEC) Fortifies Canada Midstream Trade on Keyera Deal
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Jacobs Engineering Group Inc. reinforced its presence in the Canadian midstream market by signing an agreement with Keyera Partnership (Keyera), a subsidiary of Keyera Corporation. Per the deal, Jacobs would offer its engineering services for Keyera’s new Wapiti Liquids Handling & GasProcessing Facility.
Jacobs is poised to grow on the back of increasing demand for building and infrastructure services, new business contracts and greater operational efficacy. Over the last one month, shares of this Zacks Rank #3 (Hold) stock yielded a return of 3.80%, outperforming 2.59% growth recorded by the Zacks categorized Engineering - R and D Services industry.
Notably, the stock currently carries a favorable Value Growth Momentum Style Score “B”.
Inside the Headlines
Keyera is one of the largest Canadian midstream energy company, offering services to numerous oil and gas producers in Western Canada. Additionally, the company transports different types of natural gas liquids, such as ethane, propane, butane, iso-octane and condensate, to different end markets across North America.
Keyera had commenced the Wapiti Development project (May 2016) for establishing a new natural gas processing and gathering complex in the Wapiti area, located in south of Grand Prairie, Alberta. The facility is anticipated to process around 25,000 barrels of field condensate and nearly 300 million cubic feet of sour gas per day. Moreover, the company intends to link the new complex with its standing Montney network and asset base.
Jacobs intends to build a long-term business bond with Keyera on the back of the aforementioned deal. Financial terms of the deal remain undisclosed.
Key Picks
Better-ranked stocks in the industry are listed below:
TopBuild Corp. (BLD - Free Report) , which sports a Zacks Rank #1, pulled off an average positive earnings surprise of 5.98% over the past four quarters.
EMCOR Group, Inc. (EME - Free Report) currently carries a Zacks Rank #2 (Buy) and has an average positive earnings surprise of 15.45% for the past four quarters.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>
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Jacobs (JEC) Fortifies Canada Midstream Trade on Keyera Deal
Jacobs Engineering Group Inc. reinforced its presence in the Canadian midstream market by signing an agreement with Keyera Partnership (Keyera), a subsidiary of Keyera Corporation. Per the deal, Jacobs would offer its engineering services for Keyera’s new Wapiti Liquids Handling & Gas Processing Facility.
Jacobs is poised to grow on the back of increasing demand for building and infrastructure services, new business contracts and greater operational efficacy. Over the last one month, shares of this Zacks Rank #3 (Hold) stock yielded a return of 3.80%, outperforming 2.59% growth recorded by the Zacks categorized Engineering - R and D Services industry.
Notably, the stock currently carries a favorable Value Growth Momentum Style Score “B”.
Inside the Headlines
Keyera is one of the largest Canadian midstream energy company, offering services to numerous oil and gas producers in Western Canada. Additionally, the company transports different types of natural gas liquids, such as ethane, propane, butane, iso-octane and condensate, to different end markets across North America.
Keyera had commenced the Wapiti Development project (May 2016) for establishing a new natural gas processing and gathering complex in the Wapiti area, located in south of Grand Prairie, Alberta. The facility is anticipated to process around 25,000 barrels of field condensate and nearly 300 million cubic feet of sour gas per day. Moreover, the company intends to link the new complex with its standing Montney network and asset base.
Jacobs intends to build a long-term business bond with Keyera on the back of the aforementioned deal. Financial terms of the deal remain undisclosed.
Key Picks
Better-ranked stocks in the industry are listed below:
Boise Cascade Company (BCC - Free Report) generated an outstanding average positive earnings surprise of 114.74% over the trailing four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
TopBuild Corp. (BLD - Free Report) , which sports a Zacks Rank #1, pulled off an average positive earnings surprise of 5.98% over the past four quarters.
EMCOR Group, Inc. (EME - Free Report) currently carries a Zacks Rank #2 (Buy) and has an average positive earnings surprise of 15.45% for the past four quarters.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early.
See Zacks' Top 3 Stocks to Ride This Space >>