Jacobs Engineering Group Inc. (NYSE:JEC) recently secured a new procurement and engineering service contract from Nexen Energy ULC (Nexen Energy). The deal is in sync with the company’s organic growth trajectory.
Over the last one year, shares of this Zacks Rank #3 (Hold) stock yielded a return of 5.84%, outperforming 5.80% growth recorded by the Zacks categorized Engineering - R and D Services industry.
Notably, the stock currently carries a favorable Value Growth Momentum Style Score “A”. The company is poised to grow on the back of increasing demand for building and infrastructure services, new business contracts and greater operational efficacy.
Inside the Headlines
Nexen Energy is a premium upstream oil and gas company. The company develops energy resources in offshore West Africa, UK North Sea, Western Canada and the U.S. It is a wholly owned subsidiary of CNOOC Limited (NYSE:CEO) .
Per the contract, Jacobs would offer non-imitable procurement and engineering services for Nexen Energy’s operations in Western Canada. The company believes that this deal would further strengthen its long-standing relationship with Nexen Energy.
Receipt of the contract highlights that Jacobs is currently viewed as the leading professional service provider in the energy sector in Canada and across the globe.
Key Picks
Better-ranked stocks in the industry are listed below:
Boise Cascade Company (NYSE:BCC) 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. (NYSE:BLD) , which sports a Zacks Rank #1, has an average positive earnings surprise of 5.98% for the past four quarters.
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CNOOC Limited (CEO): Free Stock Analysis Report
TopBuild Corp. (BLD): Free Stock Analysis Report
Boise Cascade, L.L.C. (BCC): Free Stock Analysis Report
Jacobs Engineering Group Inc. (JEC): Free Stock Analysis Report
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