Worley Limited Updates on Market Buy-Back Program
Worley Limited (AU:WOR) has updated its on-market buy-back program, acquiring 173,199 ordinary securities recently, totaling 14,973,435 bought back. This initiative aims to optimize capital structure and enhance shareholder value. The latest analyst rating for AU:WOR is a Buy with a price target of A$16.00. Worley operates in engineering services for the resources and energy sectors, focusing on hydrocarbons, power, and infrastructure. Current market cap stands at A$7.37B with an average trading volume of 2,325,924.
Worley Limited ( (AU:WOR) ) has issued an update.
Worley Limited has announced an update on its ongoing on-market buy-back program, reporting the acquisition of 173,199 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 14,973,435. This buy-back initiative is part of Worley’s strategy to optimize its capital structure and enhance shareholder value, reflecting a commitment to returning excess capital to shareholders.
The most recent analyst rating on (AU:WOR) stock is a Buy with a A$16.00 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 services industry, providing project delivery and consulting services to the resources and energy sectors. The company focuses on delivering solutions across the hydrocarbons, power, and infrastructure markets.
Average Trading Volume: 2,325,924
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$7.37B
Find detailed analytics on WOR stock on TipRanks’ Stock Analysis page.
