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

Ørsted A/S (OTCMKTS:DNNGY) is expected to be releasing its results before the market opens on Thursday, August 13th. Analysts expect the company to post earnings of $0.0608 per share and revenue of $2.5756 billion for the quarter.

Ørsted A/S Price Performance

Shares of OTCMKTS:DNNGY opened at $7.34 on Wednesday. The firm has a fifty day moving average price of $7.58 and a two-hundred day moving average price of $7.88. Ørsted A/S has a one year low of $5.75 and a one year high of $33.02.

Analyst Ratings Changes

DNNGY has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded Ørsted A/S from a “neutral” rating to a “buy” rating in a research report on Monday, April 27th. Morgan Stanley upgraded Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 14th. Finally, Zacks Research upgraded Ørsted A/S to a “hold” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Ørsted A/S Company Profile

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.