OMV AG (OTCMKTS:OMVKY) Receives Average Rating of “Hold” from Brokerages

Shares of OMV AG (OTCMKTS:OMVKY) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts have commented on the stock. Royal Bank Of Canada downgraded shares of OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. Berenberg Bank downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. The Goldman Sachs Group lowered OMV from a “hold” rating to a “sell” rating in a research note on Monday, January 26th. Zacks Research raised shares of OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, HSBC cut OMV from a “hold” rating to a “reduce” rating in a report on Thursday, February 5th.

OMV Stock Performance

OMV stock opened at $16.19 on Wednesday. The stock has a market cap of $21.19 billion, a price-to-earnings ratio of 4.56 and a beta of 0.01. The stock’s 50 day simple moving average is $14.95 and its two-hundred day simple moving average is $14.10. OMV has a fifty-two week low of $10.86 and a fifty-two week high of $16.54. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50.

OMV (OTCMKTS:OMVKY) last announced its earnings results on Wednesday, February 4th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $1.59. The business 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 8.51%. As a group, analysts expect that OMV 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.