Worley (OTCMKTS:WYGPY) Shares Gap Up – Should You Buy?

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $6.62, but opened at $7.1875. Worley shares last traded at $6.8850, with a volume of 3,494 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group downgraded Worley from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Worley Trading Up 4.0%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average is $8.84 and its two-hundred day moving average is $8.95.

About Worley

Worley (OTCMKTS:WYGPY) is a global professional services company specializing in engineering, procurement and construction (EPC) solutions for the energy, chemicals and resources sectors. Headquartered in North Sydney, Australia, the firm offers project delivery, consulting and advisory services across the full asset lifecycle, from concept and feasibility through design, execution and operations support. Worley’s client base spans major international oil and gas companies, mining operators, petrochemical producers and utility providers.

The company’s service offerings encompass traditional engineering and project management as well as digital and sustainability-focused solutions.