OMV (OTCMKTS:OMVKY) Issues Quarterly Earnings Results, Beats Expectations By $2.64 EPS

OMV (OTCMKTS:OMVKY) issued its quarterly earnings results on Friday. The company reported $3.31 EPS for the quarter, topping the consensus estimate of $0.67 by $2.64, Zacks reports. OMV had a net margin of 9.63% and a return on equity of 8.29%.

OMV Price Performance

Shares of OMV stock traded up $0.05 during mid-day trading on Friday, reaching $18.35. 13,986 shares of the stock traded hands, compared to its average volume of 23,173. The stock has a market capitalization of $24.02 billion, a PE ratio of 2.18 and a beta of -0.07. The business has a 50-day moving average of $17.24 and a 200 day moving average of $16.91. OMV has a fifty-two week low of $12.52 and a fifty-two week high of $19.00. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of OMV from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Sell”.

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.