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

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

Ørsted A/S Stock Down 1.2%

Shares of OTCMKTS:DNNGY opened at $7.19 on Tuesday. Ørsted A/S has a fifty-two week low of $5.75 and a fifty-two week high of $33.02. The firm has a 50-day simple moving average of $7.60 and a 200 day simple moving average of $7.87.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. The Goldman Sachs Group raised Ørsted A/S from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Morgan Stanley upgraded Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 14th. Finally, Zacks Research raised Ørsted A/S to a “hold” rating in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Ørsted A/S

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.