Worley (OTCMKTS:WYGPY) Trading Up 6.8% - What's Next?

Key Points

• Worley Limited's stock rose by 6.8% on a recent trading day, reaching a last traded price of $9.60, despite a decline in trading volume.
• Royal Bank of Canada upgraded Worley's rating from "hold" to "moderate buy," contributing to a consensus rating of "Buy" for the stock.
• The company announced a dividend of $0.1295, which indicates an impressive dividend yield of 267.0% for investors of record on September 9th.

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY - Get Free Report)'s stock price was up 6.8% on Tuesday . The stock traded as high as $9.60 and last traded at $9.60. Approximately 300 shares changed hands during trading, a decline of 81% from the average daily volume of 1,605 shares. The stock had previously closed at $8.99.

Wall Street Analysts Forecast Growth

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

Worley Stock Up 4.3%

The firm's fifty day moving average price is $8.68 and its 200 day moving average price is $8.44.

Worley Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 9th will be paid a $0.1295 dividend. This represents a dividend 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.

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