OMV (OTCMKTS:OMVKY) Hits New 1-Year High – Should You Buy?

OMV AG (OTCMKTS:OMVKY) shares reached a new 52-week high on Monday . The company traded as high as $16.6563 and last traded at $16.44, with a volume of 2929 shares traded. The stock had previously closed at $16.37.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OMVKY shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of OMV in a research note on Thursday, January 8th. The Goldman Sachs Group lowered OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th. Barclays reaffirmed an “underweight” rating on shares of OMV in a report on Friday, December 12th. Royal Bank Of Canada cut OMV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 29th. Finally, Berenberg Bank lowered OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

OMV Stock Performance

The stock has a market capitalization of $21.65 billion, a price-to-earnings ratio of 4.66 and a beta of 0.02. The company has a 50 day simple moving average of $14.95 and a 200-day simple moving average of $14.10. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25.

OMV (OTCMKTS:OMVKY) last released its earnings results 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. The company had revenue of $7.14 billion for 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, equities research analysts expect that OMV AG 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.