|Bid||14.65 x 0|
|Ask||14.67 x 0|
|Day's range||14.52 - 14.87|
|52-week range||10.72 - 20.03|
|Beta (3Y monthly)||2.04|
|PE ratio (TTM)||30.86|
|Earnings date||18 Feb. 2019 - 22 Feb. 2019|
|Forward dividend & yield||0.27 (1.82%)|
|1y target est||19.12|
The Worleyparsons Limited (ASX: WOR) share price is gaining ground after resources engineering group reported improvements across all key metrics.
The Australian company, which makes most of its money from designing, building, operating and maintaining refineries, offshore rigs and other giant pieces of equipment for the oil and gas industry, will more or less double in size as a result of the $3.3 billion deal announced Monday. The amount WorleyParsons is paying pretty much matches its own A$4.7 billion ($3.3 billion) market capitalization on the eve of the deal.
WorleyParsons announced the the acquisition of Jacobs’ ECR division for $US3.3 billion ($A4.6 billion). The deal will be funded by a $A2.9 billion entitlement offer, $A985 million stock issued to Jacobs and new debt. Jacobs ECR, a technical services provider across hydrocarbons, chemicals and mining and minerals, has annual revenue of $US3.4 billion.
WorleyParsons Limited provides professional services to resources and energy sectors comprising hydrocarbons, minerals, metals, chemicals, and infrastructure. WorleyParsons’s insiders have invested more than 8.17 million shares in the large-cap stocksRead More...
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as WorleyParsons Limited (ASX:WOR) with a market-capitalization of AU$4.62b, rarely draw their attention. However, history shows that overlookedRead More...