Movers and SHAKERS
Wednesday, July 29, 2020
Great Lakes Dredge & Dock (GLDD)
Gulf Coast LNG Work Secured - 2Q2020 Results Out Next Week
Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The company only's operating segments is Dredging. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Port expansion, and others.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Dredging award for third marine berth at Sabine Pass LNG plant. A subcontract has been signed with Bechtel Oil, Gas and Chemicals, Inc., the EPC contractor for an expansion of the Sabine Pass LNG liquefaction plant. The proposed expansion includes the addition of a third marine berth and supporting facilities to handle LNG tankers with capacity in the 125k-180k cubic meter range. GLDD is expected to begin dredging work for the third marine berth in 3Q2020. Limited details available now but award is a positive signal.
2Q2020 results out Tuesday, August 4th at 8:00 am EST with call at 10:00am EST. Call number is (877) 377-7553 and code is 1658815. The call should reinforce the virtual NDR meeting that we hosted in mid July with Lasse Petterson, President/CEO and Mark Marinko, CFO. The virtual NDR meeting showcased the favorable dredging market outlook and GLDD's strong market position. A link is available at www.channelchek.com ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.