OMV (OTCMKTS:OMVKY) Stock Rating Lowered by Hsbc Global Res

OMV (OTCMKTS:OMVKY) was downgraded by investment analysts at Hsbc Global Res from a “hold” rating to a “moderate sell” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research analysts have also commented on OMVKY. Zacks Research lowered OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Berenberg Bank cut OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. Jefferies Financial Group reiterated a “buy” rating on shares of OMV in a report on Thursday, January 8th. HSBC cut shares of OMV to a “reduce” rating in a research note on Thursday. Finally, Barclays reiterated an “underweight” rating on shares of OMV in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

OMV Stock Performance

Shares of OMVKY opened at $15.10 on Thursday. The firm has a market cap of $19.77 billion, a price-to-earnings ratio of 4.25 and a beta of 0.02. The company’s fifty day moving average is $14.19 and its 200-day moving average is $13.78. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.25. OMV has a 12 month low of $9.66 and a 12 month high of $15.71.

OMV (OTCMKTS:OMVKY) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $1.59. The firm had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.79 billion. OMV had a net margin of 4.10% and a return on equity of 8.47%. Equities analysts expect that OMV will post 1.64 EPS for the current fiscal year.

OMV Company Profile

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.