The Goldman Sachs Group Upgrades Worley (OTCMKTS:WYGPY) to “Conviction-Buy”

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Worley (OTCMKTS:WYGPY) was upgraded by analysts at The Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a research report issued on Sunday, The Fly reports.

Separately, Zacks Investment Research raised shares of Worley from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Worley presently has an average rating of “Buy” and an average target price of $8.00.

Shares of WYGPY stock opened at $8.90 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $4.11 billion, a PE ratio of 16.47 and a beta of 2.74. The company has a 50-day moving average of $7.30 and a two-hundred day moving average of $6.51. Worley has a 1-year low of $2.65 and a 1-year high of $11.05.

About Worley

Worley Limited provides professional services to resources and energy sectors. It operates through Energy and Chemical Services; Mining, Minerals, and Metal Services; Major Projects and Integrated Solutions; and Advisian segments. The company provides engineering design and project delivery services, including maintenance, reliability support, and advisory services.

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