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MarketScreener Homepage  >  Equities  >  Nyse  >  Emerson Electric Co.    EMR

EMERSON ELECTRIC CO.

(EMR)
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Emerson Electric Gets Contract to Support Operations on Caspian Sea Platform

10/20/2020 | 12:42pm EST

By Stephen Nakrosis

Emerson Electric Co. said Tuesday it was awarded a $14 million contract to provide automation technologies on a new offshore oil platform in the Caspian Sea.

The company said it will provide "software and project expertise" to the new Azeri Central East offshore platform in the Caspian Sea, the latest development in the Azeri-Chirag-Deepwater Gunashli oilfield, and enable an "expedited timeline and on-time start for new BP-operated platform."

Emerson said it will be the main automation contractor, "providing its Project Certainty methodologies and digital technologies that transform capital project execution to help BP bring this fast-track project onstream in 2023."

Emerson shares rose 0.9% to $70.53.

Jim Nyquist, group president for Emerson's systems and software business, said: "This latest project builds on the successful collaboration between BP and Emerson on the West Chirag and Shah Deniz Stage 2 developments."

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

10-20-20 1241ET

Stocks mentioned in the article
ChangeLast1st jan.
EMERSON ELECTRIC CO. 0.17% 75.9 Delayed Quote.0.73%
LONDON BRENT OIL 1.52% 47.96 Delayed Quote.-27.74%
WTI 1.78% 44.93 Delayed Quote.-26.33%
All news about EMERSON ELECTRIC CO.
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11/23EMERSON : Completes Acquisition of 7AC Technologies, Inc.
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11/12EMERSON ELECTRIC CO. : Ex-dividend day for
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Financials (USD)
Sales 2021 17 120 M - -
Net income 2021 1 923 M - -
Net Debt 2021 4 169 M - -
P/E ratio 2021 23,5x
Yield 2021 2,61%
Capitalization 45 313 M 45 313 M -
EV / Sales 2021 2,89x
EV / Sales 2022 2,70x
Nbr of Employees 83 500
Free-Float 62,3%
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Technical analysis trends EMERSON ELECTRIC CO.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 76,57 $
Last Close Price 75,77 $
Spread / Highest target 16,1%
Spread / Average Target 1,06%
Spread / Lowest Target -14,2%
EPS Revisions
Managers
NameTitle
David N. Farr Chairman & Chief Executive Officer
Michael H. Train President
Steven J. Pelch Chief Operating Officer & Executive Vice President
Frank J. Dellaquila Chief Financial Officer & Senior Executive VP
Jake Fritz Chief Information Officer & Vice President
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