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Jacobs (JEC) Wins Security Contract from Woodside Energy

Zacks Equity Research
Updated

Jacobs Engineering Group Inc. JEC recently secured a new security consulting service contract from the premium Australian oil & gas company, Woodside Energy Ltd., for an undisclosed sum. The deal further reinforces Jacobs’ organic growth strategy.

As per the newly received contract, Jacobs would be providing appropriate security consulting services in Woodside’s headquarters in the Capital Square progress in Perth, Western Australia. Jacobs would deliver highly connected security services for Woodside. The security trials would be integrated and interconnected across all the buildings of Woodside in the Capital Square zone. The project would be commanded by Jacob’s Perth security consulting workforce.

The security related elements of the project are anticipated to be accomplished by early 2018.

Zacks Rank and Share Price

Jacobs currently carries a Zacks Rank #3 (Hold). The company remains on track to boost its financials via new contracts, improved backlogs, greater operational efficiency and increased innovations. However, headwinds like strong U.S. dollar, robust industry competition and dismal pricing environment in the global mining and energy market raise concerns. Share price of the company was $50.75 per share as of Sep 27, 2016.

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JACOBS ENGIN GR Price

 

JACOBS ENGIN GR Price | JACOBS ENGIN GR Quote

Stocks to Consider

Some better-ranked stocks within the industry are listed below:

Cotiviti Holdings, Inc. COTV presently sports a Zacks Rank #1 (Strong Buy). Over the last 60 days, the Zacks Consensus Estimate for the stock has been revised upward by 10.4% for 2016 and 5.8% for 2017. You can see the complete list of today’s Zacks #1 Rank stocks here.

Willdan Group, Inc. WLDN and Smiths Group plc SMGZY currently carry a Zacks Rank #2 (Buy). While the Zacks Consensus Estimate for Willdan Group has been revised upward by 14.9% for 2016 and 16.7% for 2017 over the last 60 days, it has been revised upward for Smiths Group plc by 1.9% for fiscal 2016 and 1.8% for fiscal 2017 over the same time period.

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JACOBS ENGIN GR (JEC): Free Stock Analysis Report
 
WILLDAN GROUP (WLDN): Free Stock Analysis Report
 
SMITHS GRP PLC (SMGZY): Free Stock Analysis Report
 
COTIVITI HLDGS (COTV): Free Stock Analysis Report
 
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Zacks Investment Research