OMV (OTCMKTS:OMVKY) Sets New 12-Month High – Here’s What Happened

OMV AG (OTCMKTS:OMVKY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.50 and last traded at $16.50, with a volume of 2052 shares. The stock had previously closed at $16.3610.

Analysts Set New Price Targets

OMVKY has been the topic of several research analyst reports. Berenberg Bank lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. HSBC cut shares of OMV from a “hold” rating to a “reduce” rating in a research note on Thursday, February 5th. Zacks Research upgraded OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada downgraded OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group lowered OMV from a “hold” rating to a “sell” rating in a report on Monday, January 26th. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, OMV currently has an average rating of “Hold”.

OMV Stock Up 1.1%

The stock has a market cap of $21.51 billion, a price-to-earnings ratio of 4.63 and a beta of 0.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.30 and a current ratio of 1.65. The firm’s 50-day simple moving average is $14.68 and its two-hundred day simple moving average is $14.00.

OMV (OTCMKTS:OMVKY) last issued its quarterly 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. OMV had a net margin of 4.10% and a return on equity of 8.47%. The business had revenue of $7.14 billion during the quarter, compared to analyst estimates of $7.79 billion. On average, sell-side 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.