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Worleyparsons Limited

( ASX:WOR ) - Energy

News

Worley In Deep Water?

After questionable outcomes from previous acquisitions,brokers suspect WorleyParsons ((WOR)) will be hoping its deep dive into the North Sea finds the pearl. The company has extended its maintenance, modifications and operations (MMO) business, with an acquisition which should provide a leading capability in a market that has a relatively small number of competitors.

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Analyst Views

WOR – UBS rates as Neutral

UBS tinkers with WorleyParsons’ net profit estimates to account for an extra A$20m tax charge relating to recent changes in US tax law. UBS has treated this, and the previous A$58m announced in the first-half result, as significant items so earnings-per-share figures are unchanged.

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