OMV AG (OTCMKTS:OMVKY) Given Average Rating of “Hold” by Brokerages

OMV AG (OTCMKTS:OMVKY) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company.

Several analysts recently commented on the stock. Erste Group Bank upgraded shares of OMV to a “hold” rating in a report on Monday, September 22nd. Zacks Research downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Barclays reissued an “underweight” rating on shares of OMV in a research note on Friday, December 12th. Berenberg Bank cut shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of OMV in a research note on Thursday.

OMV Stock Performance

Shares of OMVKY stock opened at $14.17 on Tuesday. The company has a market capitalization of $18.55 billion, a price-to-earnings ratio of 3.36 and a beta of 0.01. OMV has a 1-year low of $9.66 and a 1-year high of $14.95. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $13.93 and its 200-day simple moving average is $13.64.

OMV (OTCMKTS:OMVKY) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $1.75. OMV had a return on equity of 8.25% and a net margin of 4.57%.The firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $8.06 billion. On average, sell-side analysts predict that OMV will post 1.64 earnings per share for the current fiscal 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.