Worley (OTCMKTS:WYGPY) Trading 4.2% Higher - What's Next?

Key Points

• Worley Limited's shares rose 4.2% to $9.32, despite a significant drop in trading volume of 79% compared to the average daily volume.
• Royal Bank Of Canada upgraded Worley from a "hold" to a "moderate buy" rating, contributing to a consensus "Buy" rating from analysts.
• The company recently announced a dividend yield of 267.0%, with a dividend of $0.1295 paid to shareholders on October 16th.

Shares of Worley Limited Unsponsored ADR (OTCMKTS:WYGPY - Get Free Report) rose 4.2% during trading on Friday . The stock traded as high as $9.32 and last traded at $9.32. Approximately 313 shares were traded during trading, a decline of 79% from the average daily volume of 1,470 shares. The stock had previously closed at $8.95.

Analysts Set New Price Targets

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

Worley Stock Up 4.2%

The stock's 50-day moving average price is $9.15 and its two-hundred day moving average price is $8.52. 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 company also recently announced a dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, September 9th were paid a $0.1295 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a yield of 267.0%.

About Worley

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.

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