Worley (OTCMKTS:WYGPY) Lowered to “Hold” Rating by Jefferies Financial Group

Worley (OTCMKTS:WYGPY) was downgraded by stock analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Worley Stock Performance

Worley stock opened at $7.99 on Thursday. The firm has a 50 day simple moving average of $9.04 and a 200-day simple moving average of $9.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.03 and a quick ratio of 1.03. Worley has a 1-year low of $6.59 and a 1-year high of $10.11.

About Worley

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.