Worley (OTCMKTS:WYGPY) Shares Gap Up – Still a Buy?

Shares of Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) gapped up prior to trading on Thursday . The stock had previously closed at $8.15, but opened at $9.28. Worley shares last traded at $9.28, with a volume of 100 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded shares of Worley from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Worley Stock Performance

The business’s 50 day simple moving average is $8.03 and its 200-day simple moving average is $8.60.

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.