Worley (OTCMKTS:WYGPY) Shares Gap Up - Here's What Happened

Key Points

• Worley shares gapped up, opening at $8.55 after a prior close of $7.75, with just 220 shares trading hands at the open.
• Jefferies downgraded Worley from "strong-buy" to "hold"; the stock has one Buy and one Hold rating, giving it a consensus of "Moderate Buy."
• The stock is trading near its moving averages, with a 50-day average of $8.43 and a 200-day average of $8.74.

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $7.75, but opened at $8.55. Worley shares last traded at $8.55, with a volume of 220 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 report on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Worley Stock Performance

The firm's fifty day moving average is $8.43 and its 200 day moving average is $8.74.

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.

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