WOR
Stock Code
Stock Exchange
WorleyParsons (WOR) is a specialist provider of engineering design and project related services as well as maintenance and reliability support services to diversified industrial segments, with a focus on hydrocarbons, power, minerals and metals, and infrastructure and environment sectors. The Company holds equity investment in most its principal infrastructure projects. WorleyParsons listed on the Australian Stock Exchange on 28th November, 2002. To date the Company employs around 32,200 people with 118 offices around the globe.
WorleyParsons (WOR), an Australia based company that concentrates on engineering design and project related services along with maintenance and reliability support services to diversified industrial segments with a market capitalisation of $6042.6 million was the worst performer in the ASX100 list that lost 16.7 percent or $5.11 to its stock price closing the week at $25.35.
WorleyParsons (WOR), the engineering group had recorded its first full-year profit drop since it was listed in 2002 as the company continues to experience downfall in its minerals and metals business amid global recession. The company yesterday stated that the net profit climbed to 390.5 million which was lower than the expectation of the market analysts who expected the figures to be somewhere around $410 million.
WorleyParsons (WOR), a company that is engaged in the business of providing engineering project and design related services along with maintenance and reliability support services for diversified industrial segments was the worst performer in the ASX100 index losing 8.9 percent or $2.05 in its stock price and was closed for the week at $20.80.
There has been no changes to the WorleyParsons (WOR) earnings forecasts, valuation, DCF-based share price target or rating from stockmarket analyst Macquarie Research Equities.
WorleyParsons (WOR) Wins Russian Project
Sakhalin 1 Offshore Contract Win:
Worley’s 49% owned Russian associate Sakhneftegaz Engineering (SNE) has won the engineering, procurement and support services contract for the Exxon operated Sakhalin 1 Arkutan-Dagi offshore platform.
Modest Revenue Stream:
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Worley Parsons (WOR) has a 12-month price target of $39.42 from stockmarket analyst Macquarie Research Equities.
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