OMV (OTCMKTS:OMVKY) Hits New 1-Year High – What’s Next?
by Amy Steele · The Cerbat GemOMV AG (OTCMKTS:OMVKY – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $15.71 and last traded at $15.71, with a volume of 2234 shares trading hands. The stock had previously closed at $15.41.
Wall Street Analyst Weigh In
Several research firms have weighed in on OMVKY. Jefferies Financial Group restated a “buy” rating on shares of OMV in a report on Thursday, January 8th. Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada cut OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. Barclays reiterated an “underweight” rating on shares of OMV in a research note on Friday, December 12th. Finally, HSBC cut shares of OMV from a “hold” rating to a “reduce” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on OMV
OMV Trading Up 1.6%
The company has a market capitalization of $20.49 billion, a P/E ratio of 4.41 and a beta of 0.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.30 and a current ratio of 1.65. The company’s fifty day simple moving average is $14.22 and its 200-day simple moving average is $13.79.
OMV (OTCMKTS:OMVKY – Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $0.38 by $1.59. The firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.79 billion. OMV had a net margin of 4.10% and a return on equity of 8.47%. Research analysts predict that OMV AG will post 1.64 earnings per share for the current year.
About OMV
OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.
In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.