OMV (OTCMKTS:OMVKY) Sees Strong Trading Volume – Here’s What Happened

OMV AG (OTCMKTS:OMVKY) shares saw unusually-strong trading volume on Thursday . Approximately 22,056 shares changed hands during mid-day trading, an increase of 194% from the previous session’s volume of 7,493 shares.The stock last traded at $16.3850 and had previously closed at $16.3190.

Analyst Upgrades and Downgrades

OMVKY has been the topic of a number of research reports. HSBC downgraded OMV from a “hold” rating to a “reduce” rating in a report on Thursday, February 5th. Zacks Research raised shares of OMV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Barclays reissued an “underweight” rating on shares of OMV in a research report on Friday, December 12th. Jefferies Financial Group reissued a “buy” rating on shares of OMV in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada cut shares of OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. One equities 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. Based on data from MarketBeat.com, OMV currently has an average rating of “Hold”.

OMV Price Performance

The business’s 50 day moving average price is $14.84 and its 200-day moving average price is $14.06. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The company has a market cap of $21.45 billion, a PE ratio of 4.62 and a beta of 0.02.

OMV (OTCMKTS:OMVKY) last announced its earnings results on Wednesday, February 4th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $0.38 by $1.59. OMV had a net margin of 4.10% and a return on equity of 8.51%. The business had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.79 billion. As a group, analysts forecast 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.