Worley (OTCMKTS:WYGPY) Shares Gap Down – Here’s Why

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.3025, but opened at $8.78. Worley shares last traded at $8.78, with a volume of 217 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered shares of Worley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Worley Price Performance

The company has a fifty day simple moving average of $8.41 and a two-hundred day simple moving average of $8.58.

Worley Company Profile

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.