OMV (OTCMKTS:OMVKY) Sets New 1-Year High – Here’s What Happened

OMV AG (OTCMKTS:OMVKY)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $15.71 and last traded at $15.71, with a volume of 2234 shares changing hands. The stock had previously closed at $15.41.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of OMV in a research note on Thursday, January 8th. HSBC cut OMV from a “hold” rating to a “reduce” rating in a report on Thursday. The Goldman Sachs Group lowered OMV from a “hold” rating to a “sell” rating in a report on Monday, January 26th. Barclays reaffirmed an “underweight” rating on shares of OMV in a research report on Friday, December 12th. Finally, Zacks Research upgraded shares of OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

OMV Stock Performance

The firm’s 50-day simple moving average is $14.22 and its two-hundred day simple moving average is $13.79. The stock has a market capitalization of $20.49 billion, a PE ratio of 4.41 and a beta of 0.02. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25.

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, beating analysts’ consensus estimates of $0.38 by $1.59. OMV had a return on equity of 8.47% and a net margin of 4.10%.The company had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.79 billion. On average, equities research analysts expect that OMV AG will post 1.64 earnings per share 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.