You don't have credit card details available. You will be redirected to update payment method page. Click OK to continue.
Hi Paul, What are your thoughts about Worley? There seems to be good news about the company continually gaining more contracts for work, however it’s share price seems to be stagnant over the last couple of years. Is that more of a reflection of it operating in the energy industry or the company itself? Is it worth a buy on the basis that energy demand will accelerate once we come out of lockdown and the economy gathers pace? Many thanks, Ken
A: I think Worley carries a lot of baggage – for example, it is just not a company I get interested in. A long term underperformer, plus energy, plus earnings coming more from cost cutting rather than revenue growth.
As for the brokers, they are relatively neutral. While 2 buy recommendations and 4 neutral recommendations, the consensus target price is $11.36, about 4% higher than the last ASX price of $10.93. range is a low of $10.00 through to a high of $12.28.
