Flowserve (FLS) Wins Major Pump Contract in Qatar
Tweet
Share
E-mailGet Alerts FLS Hot Sheet
Price: $45.63 -0.09%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 1.9%
Revenue Growth %: +6.1%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 1.9%
Revenue Growth %: +6.1%
Join SI Premium – FREE
Shares of Flowserve Corp. (NYSE: FLS) have jumped about 7% today, setting a new 52-week high at $101.58. Flowserve stock is performing well today as a result of the Company announcing it has won a contract with two major energy companies located in Qatar.
Under the terms of agreement, Flowserve will build about 500 of its API/ANSI process pumps for Qatar Petroleum and Shell. The partnership is developing a fully integrated Pearl Gas-to-Liquids facility in Ras Laffan Industrial City, Qatar. With the help of Flowserve's pumping systems, Qatar Petro. and Shell's Pearl Gas-to-Liquids plant will produce about 140,000 barrels per day of high-quality gas-to-liquid fuels and about 120,000 barrels per day of oil equivalent.
Flowserve Corporation, together with its subsidiaries, engages in the development, manufacture, and sale of precision-engineered flow control equipments. It operates in three divisions: Flowserve Pump, Flow Control, and Flow Solutions.
Under the terms of agreement, Flowserve will build about 500 of its API/ANSI process pumps for Qatar Petroleum and Shell. The partnership is developing a fully integrated Pearl Gas-to-Liquids facility in Ras Laffan Industrial City, Qatar. With the help of Flowserve's pumping systems, Qatar Petro. and Shell's Pearl Gas-to-Liquids plant will produce about 140,000 barrels per day of high-quality gas-to-liquid fuels and about 120,000 barrels per day of oil equivalent.
Flowserve Corporation, together with its subsidiaries, engages in the development, manufacture, and sale of precision-engineered flow control equipments. It operates in three divisions: Flowserve Pump, Flow Control, and Flow Solutions.
You May Also Be Interested In
- Intuitive Surgiical (ISRG) beats earnings, revenue expectations in Q1
- New York Community Bancorp (NYCB) Appoints Craig Gifford as CFO
- Franklin Covey (FC) Announces $50M Share Buyback
Create E-mail Alert Related Categories
Corporate News, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
