OMV (OTCMKTS:OMVKY) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

OMV AG (OTCMKTS:OMVKY)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.91 and traded as high as $16.38. OMV shares last traded at $16.38, with a volume of 8,939 shares traded.

Wall Street Analyst Weigh In

OMVKY has been the subject of a number of analyst reports. Barclays reaffirmed an “underweight” rating on shares of OMV in a research report on Friday, December 12th. The Goldman Sachs Group lowered OMV from a “hold” rating to a “sell” rating in a report on Monday, January 26th. HSBC downgraded OMV from a “hold” rating to a “reduce” rating in a report on Thursday, February 5th. Royal Bank Of Canada cut shares of OMV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 29th. Finally, Berenberg Bank lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, OMV has an average rating of “Hold”.

OMV Trading Up 0.5%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.30. The company has a market capitalization of $21.44 billion, a price-to-earnings ratio of 4.61 and a beta of 0.02. The business has a fifty day moving average price of $14.49 and a 200 day moving average price of $13.91.

OMV (OTCMKTS:OMVKY) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $1.59. The business 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 8.47%. On average, equities analysts expect that OMV AG will post 1.64 EPS for the current fiscal 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.