Worley is a $8bn global engineering, advisory, and project management services company with a key sector focus in the energy, chemicals, and resources sectors. In late February WOR delivered a strong earnings report while stating that it expects FY23 earnings to be broadly consistent with consensus. Also, they announced the sale of their North American turnaround and maintenance business which aligns with Worley’s strategy of focusing on higher margin sustainability-focused professional services.
- We believe the stock offers significant earnings leverage to a cycle of global energy investment and decarbonisation projects i.e. another great play on a greener world.
MM likes WOR around the $15.50 area
Add To Hit List
NB We have added WOR to our Hitlist.
