Highlights
- Consensus rating of Hold from 9 analysts: 4 Buy or equivalent, 4 Hold, 1 Sell or equivalent.
- Mean price target of A$11.52 against a share price of A$9.40 on 8 October 2026, an implied upside of 22.6%.
- Analyst targets range from A$9.50 to A$14.50.
- The projects remain subject to a final Investment decision by BHP.
Worley (ASX:WOR) carries a consensus analyst rating of Hold. Of the 9 analyst recommendations recorded, 4 are Buy or equivalent, 4 are Hold and 1 is Sell or equivalent. The mean price target is A$11.52, with targets ranging from A$9.50 to A$14.50, against a current share price of A$9.40 (8 October 2026). Worley Limited is a global company of energy, chemicals and resources experts headquartered in Australia, specialising in consulting, engineering, procurement and construction across the project lifecycle.
|
Company name |
Worley |
|
Ticker |
|
|
Exchange |
ASX (Australian Securities Exchange) |
|
Current share price |
A$9.40 |
|
Price date |
8 October 2026 |
|
Number of analysts |
9 |
|
Rating consensus |
Hold |
|
Consensus price target (mean) |
A$11.52 |
|
Highest target |
A$14.50 |
|
Lowest target |
A$9.50 |
|
Implied upside/downside to mean target |
Implied upside of 22.6% |
Latest developments
Worley (ASX:WOR) announced on 7 September 2026 that it has been awarded contracts by BHP to provide study and engineering, procurement and construction management (EPCM) services for expansion projects at Olympic Dam and Carrapateena in South Australia. The projects remain subject to a final investment decision by BHP.
The work forms part of BHP's Copper South Australia growth plans to increase production as Demand grows, which the announcement links to electrification and the energy transition. Worley will deliver study and EPCM services concurrently across multiple project phases for potential block cave development and associated infrastructure at Olympic Dam, and for the potential expansion of Carrapateena's underground operations and processing infrastructure. Initial EPCM services have commenced for early-phase activities.
Worley said it will provide delivery and technical expertise through its team in Australia, supported by specialist engineering service providers and its Global Integrated Delivery team, with additional support from China and Chile. The company describes energy transition materials such as copper as a priority growth market.
Risks and what to watch
The contracts relate to projects that remain subject to a final investment decision by BHP, and the announcement describes the block cave and expansion work as potential. The release does not state a contract value, duration or Revenue contribution. Engineering and construction management Earnings depend on project timing, scope and BHP's Capital decisions.
Next milestones
Items to watch include BHP's final investment decisions on the Olympic Dam and Carrapateena projects, progress of the early-phase EPCM activities that have commenced, and any disclosure of contract values or further awards linked to copper projects.






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