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 the company to post earnings of $0.1056 per share and revenue of $2.34 billion for the quarter.

Ørsted A/S Trading Up 2.0%

DNNGY opened at $6.68 on Tuesday. The business’s 50-day moving average is $6.75 and its two-hundred day moving average is $7.53. Ørsted A/S has a 1 year low of $5.75 and a 1 year high of $9.04.

Analyst Ratings Changes

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

About Ørsted A/S

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.