Ørsted A/S (DNNGY) Projected to Announce Earnings on Thursday

Ørsted A/S (OTCMKTS:DNNGY) will likely be issuing its results before the market opens on Thursday, November 5th. Analysts expect Ørsted A/S to post earnings of $0.1056 per share and revenue of $2.34 billion for the quarter.

Ørsted A/S Price Performance

Shares of DNNGY stock opened at $6.50 on Thursday. Ørsted A/S has a 1-year low of $5.75 and a 1-year high of $9.04. The stock has a 50-day moving average of $6.77 and a 200-day moving average of $7.54.

Analyst Ratings Changes

Several equities analysts recently issued reports on DNNGY shares. Royal Bank Of Canada upgraded shares of Ørsted A/S to a “moderate buy” rating in a report on Tuesday, September 1st. The Goldman Sachs Group lowered Ørsted A/S from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Ørsted A/S Company Profile

Ørsted A/S is a Danish renewable energy company focused primarily on developing, constructing, owning and operating offshore wind farms. Its activities also include onshore wind, solar power, energy storage and other renewable energy projects, as well as related operations and maintenance services.

The company was established in 1972 as Dansk Naturgas, later known as DONG Energy, and initially operated across oil, natural gas and conventional energy markets. Following a strategic transition away from fossil fuels, the company adopted the name Ørsted in 2017 to reflect its focus on renewable energy.