Worley Limited Updates on Share Buy-Back Progress

An announcement from Worley Limited ( (AU:WOR) ) is now available.

Worley Limited has announced an update on its ongoing on-market buy-back program, with a total of 173,676 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 9,308,419 securities repurchased. This buy-back initiative is part of Worley’s strategy to optimize its capital structure and enhance shareholder value, reflecting confidence in its financial position and future prospects.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$18.10 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

More about Worley Limited

Worley Limited operates in the engineering and construction industry, providing project delivery and consulting services to the resources and energy sectors. The company focuses on delivering solutions for complex projects, particularly in the oil, gas, and renewable energy markets.

YTD Price Performance: -4.27%

Average Trading Volume: 2,287,222

Technical Sentiment Signal: Sell

Current Market Cap: A$6.83B

See more insights into WOR stock on TipRanks’ Stock Analysis page.