Norsk Hydro ASA (NHYDY) Expected to Announce Quarterly Earnings on Friday

Norsk Hydro ASA (OTCMKTS:NHYDY) will likely be releasing its results before the market opens on Friday, February 13th. Analysts expect Norsk Hydro ASA to post earnings of $0.03 per share and revenue of $4.8215 billion for the quarter.

Norsk Hydro ASA Price Performance

NHYDY stock opened at $8.83 on Friday. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 0.27 and a beta of 1.15. The firm’s 50-day moving average price is $8.07 and its two-hundred day moving average price is $7.17. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26. Norsk Hydro ASA has a 12-month low of $4.50 and a 12-month high of $9.50.

Analyst Upgrades and Downgrades

A number of research firms have commented on NHYDY. Danske raised Norsk Hydro ASA to a “hold” rating in a research report on Monday, October 27th. Barclays downgraded Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. BNP Paribas Exane raised shares of Norsk Hydro ASA to an “outperform” rating in a research report on Friday, December 5th. Wall Street Zen cut shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Norsk Hydro ASA in a research note on Friday, November 21st. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.