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

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

Ørsted A/S Price Performance

Shares of DNNGY opened at $6.67 on Wednesday. The stock has a 50 day moving average price of $6.75 and a two-hundred day moving average price of $7.53. Ørsted A/S has a 52 week low of $5.75 and a 52 week high of $9.04.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DNNGY shares. The Goldman Sachs Group cut Ørsted A/S from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Royal Bank Of Canada raised Ørsted A/S to a “moderate buy” rating in a research report on Tuesday, September 1st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus 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.