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

Key Points

• Worley Limited's stock price experienced a significant gap up, opening at $9.88 compared to a previous close of $9.02, with a trading volume of 132 shares.
• The Royal Bank of Canada upgraded Worley from a "hold" to a "moderate buy" rating, contributing to a current consensus rating of "Buy".
• Worley announced a dividend of $0.1295 per share, with a substantial dividend yield of 267.0%, payable on October 16th to investors of record as of September 9th.

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $9.02, but opened at $9.88. Worley shares last traded at $9.88, with a volume of 132 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised Worley from a "hold" rating to a "moderate buy" rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy".

Worley Stock Performance

The company has a fifty day simple moving average of $8.88 and a two-hundred day simple moving average of $8.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.03 and a current ratio of 1.03.

Worley Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 9th will be issued a dividend of $0.1295 per share. This represents a yield of 267.0%. The ex-dividend date is Monday, September 8th.

Worley Company Profile

Worley Limited provides professional project and asset services to energy, chemicals, and resources sectors worldwide. The company offers digital, consulting, engineering and design, construction management, construction and fabrication, supply chain management, project management, and operation and maintenance services, as well as maintenance, modification, and operation services.