John Wood is a provider of engineering services to the power production and natural resources sector. Many companies in this sector have seen their share price suffer recently. However, John Wood shares are up 56.8% in the last 12 months.

The company's recent interim results suggest what has led the share price to soar. In the first six months of 2012, John Wood delivered a 36% rise in revenues. The eps increased 48% and the interim dividend lifted by 46%. Today, the market is expecting Wood to deliver $0.86 (54.4p) of eps for the full year.

John Wood also has an impressive dividend record. The shareholder payout has increased from $0.065 per share in 2006 to $0.15 per share in 2011. Analysts expect that the company will increase dividends by more than 10% per year for the next two years.

The market has rewarded John Wood's operating success with strong share price growth

Stock to Watch: Wood Group
By Edmond Jackson | Fri, 24/08/2012 - 00:00


http://www.iii.co.uk/articles/49314/stock-watch-wood-group

Wood Group on track as markets remain favourable
Fri 05 Oct 2012

WG. - Wood Group (John)


LONDON (SHARECAST) - Oilfield services firm Wood Group continues to be confident of hitting full year profit targets, with conditions in energy markets remaining favourable.

"We anticipate strong operating cash flow in the second half, and our strong balance sheet provides a robust platform for growth," the group's interim management statement said.

More to follow ...

Interim Management Statement

Haven't traded these for a couple of years, results thursday. Worth a wee punt if it can bounce of 200DMA. Left a limit buy on the spreads (Mar Cont.) @ 782.0

Long 755.0 March contract on spreads.

Wood Group drops after mixed update - UPDATE
By Benjamin Chiou

Thu 13 Dec 2012

WG. - Wood Group (John)

Latest Prices
Name Price %
Wood Group (John) 733.50p -4.55%

FTSE 100 5,930 -0.27%
FTSE 350 3,166 -0.25%
FTSE All-Share 3,101 -0.25%
Oil Equipment, Services & Distribution 24,142 -1.91%

LONDON (SHARECAST) - Energy services giant Wood Group has said that it expects to deliver good growth this year, with overall conditions in energy markets remaining 'favourable'.

However, shares were down by 4.36% at 735p in afternoon trade on Tuesday after the company reported mixed conditions in its Engineering and GTS divisions.

"Overall, performance for 2012 is anticipated to be in line with expectations," Wood Group said."We anticipate further good growth in 2013 and remain confident in the longer term prospects for the group's market leading services in oil & gas and gas fired power generation markets."

The company expects its Engineering division to report over 30% growth in 2012 earnings before interest, tax and amortisation (EBITA).

In upstream, while the group is making progress in its projects in Australia and Angola and remains active in projects in the Gulf of Mexico, it did admit that it expects "some reduction in activity" in the Canadian oil sands market in 2013.

In subsea and pipelines, the company said that it continues to see good activity levels in onshore pipelines in North America. However, in downstream, Wood Group said that the market outlook remains "subdued", though it has seen some improvement in the second half.

Elsewhere, Wood Group PSN, which provides brownfield services to the oil and gas industry, has been boosted by a strong performance in the North Sea and in North America.

Meanwhile, turbo-machinery division Wood Group GTS has benefitted from the contribution from its oil and gas related activities. However, it also revealed that it has recognised reduced margins on its contract with GWF.


Credit Suisse cuts forecasts

Credit Suisse said that it has cut its Wood Group forecasts for 2013 and expects consensus forecasts to come down also, largely on softer GTS profits.

“In GTS, large lump-sum contracts (GWF, as flagged earlier in the year) are less profitable than hoped, and we have brought our earnings down modestly, offset by anticipated good demand from higher run-time on US turbines,” the broker said.

Credit Suisse maintained its ‘neutral’ rating and 925p target price for the stock, “largely as we believe this high-quality name is fairly priced at current levels”.

Thanks DC.

Stopped out on the spreads @ 735.0 -20

Haven't traded these for a few years and boy does it show, stop way to tight. Back above 200 day moving average after a hefty move up today. Waiting for Jan before jumping back in, if or when, either way.

Edit - Christmas spirit weighing heavily looked at chart above before checking sp 743.0 so I am talking bollocks :O) Cheers MAM quality.

If it closes above 200DMA will be sorely tempted to get back in, or will I? wish I'd never bothered, just goes to show trade what you know, otherwise boot up the backside cartoon will get you every time. :O)

Perfect chart, sadly now and again patience is a bloody nuisance.

Brilliant! lesson learned I'm a muppet trading this stock with tight stop loss. Will move on cause attempting revenge by chasing will lead to tears guaranteed :O)

Wood Group Gulf of Mexico contracts valued at $550M

Supporting nearly 1 million BOPD additional capacity

HOUSTON, July 9, 2013--Wood Group's business in the Gulf of Mexico is robust,
with annualized revenue in the region totaling more than $550 million. Activity
is being driven by three of Wood Group's business units - Wood Group Mustang,
Wood Group Kenny and Wood Group PSN - with more than 3,500 personnel providing
engineering, operations & maintenance services across the region.

Wood Group Mustang is a market leader in the design of topsides for floating
facilities and has designed more than half of the 42 floating facilities
currently installed in the deepwater US Gulf of Mexico. Currently, the
greenfield process & facilities engineering business is providing engineering
services for the topsides of 10 Gulf of Mexico facilities, with the combined
potential to add almost one million barrels of oil per day (BOPD) to the world
energy supply. The engineering services being provided range from:

* pre-front-end engineering design (pre-FEED) to detailed design for six
greenfield projects, including two in Mexico's Bay of Campeche;

* follow-on services for five platforms; and

* full main automation contractor (MAC) services for two platforms.

StockMarketWire.com
Liberum Capital cuts John Wood Group to sell from hold, target cut from 736p to 610p

Wood Group secures major BP contract Wood Group has been awarded a five year contract with an estimated value of $750million from BP. Under the contract Wood Group PSN (WGPSN), will deliver engineering, procurement and construction services to six UK continental shelf (UKCS) offshore upstream assets and the Forties Pipeline System (FPS) onshore midstream facilities in Grangemouth.

Effective January 2015, the contract will create 150 new jobs and secure more than 700 existing positions. This is WGPSN's largest contract award in 2014 and includes an option for two, one-year extensions.

WGPSN already provide engineering, procurement and construction services for six BP offshore assets - Clair, Magnus, ETAP, Andrew, Bruce, and its new Glen Lyon FPSO which is currently being constructed and is due to come online in 2016. This is the first time WGPSN has secured a contract for the FPS onshore facilities and adds to the company's current contract to support BP's Sullom Voe Terminal in Shetland.

Dave Stewart, UK managing director of WGPSN said: "Wood Group has more than 40 years of experience working with BP globally and this new contract is testament to the partnership and understanding we have developed.

"Providing this combined service across upstream and midstream operations for the first time positions us well for continued excellence in delivering safe, collaborative and innovative services directed at maximizing productivity and efficiency across BP's assets in the UK.

In the UK, Wood Group now employs more than 10,000 people working onshore and offshore.

despite today's little uptick, this is the wrong sector to put money into (says he who holds PFC!)

ITM (tech stock) are ticking up but the oil sector as a whole is hopeless at the moment.....very few stocks worth holding.....I'm not even bothering with it at all at the mo...