Jacobs Engineering Group Inc. (NYSE:JEC) [Trend Analysis] retains strong position in active trade, as shares scoring 0.47% to $62.01 in a active trade session, while looking at the shares volume, about 1.76 Million shares have changed hands in this session. Jacobs Engineering Group Inc. (JEC) reported that it has attained a contract to complete a feasibility study for a propane dehydrogenation (PDH) plant located at the existing Borealisproduction site in Kallo, Belgium. As part of the study, Jacobs is preparing a front-end-loading stage 2 (FEL-2) conceptual design package for the outside battery limit areas of the plant and is complementing the process design package for the inside battery limit areas of the plant being prepared by Borealis’ technology provider.
The study is slated for completion by mid-2017. When complete, the new PDH will have a targeted yearly production capacity of 740 kilotons per annum, making it one of the largest and most efficient facilities in the world. “Securing this contract is the result of our long-standing relationship with Borealis and our previous experience working at the Kallo site,” stated Jacobs Senior Vice President Chemicals Mark Bello.
“A new plant of this scale represents a important investment by Borealis in Europe. I am very proud that we have been selected for this study, and we look forward to continuing to work closely with Borealis to help develop this world-scale petrochemical plant.” The firm has institutional ownership of 88.00%, while insider ownership included 1.00%. JEC attains analyst recommendation of 2.60 with week’s performance of 4.53%. Investors looking additional ahead will note that the Price to next year’s EPS is 12.10%.
Shares of Mentor Graphics Corporation (NASDAQ:MENT) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -0.11% to close at $36.55. The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an examination into possible breaches of fiduciary duty and other infringement of state law by the Bodof Mentor Graphics Corporation (MENT) relating to the proposed buyout of Mentor Graphics by Siemens.
Under the terms of the contract, Mentor Graphics shareholders are anticipated to receive $37.25 per share in cash for each share of Mentor Graphics ordinary stock held. The firm’s examination seeks to determine, amidother things, whether the Firm’s Bodfailed to satisfy their duties to shareholders, comprising whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Firm’s shares of ordinary stock. Moving forward to saw long-term intention, the experts calculate Return on Investment of 7.00%. The stock is going forward its fifty-two week low with 128.78% and lagging behind from its 52-week high price with -1.30%. MENT last month stock price volatility remained 1.81%.