OMV (OTCMKTS:OMVKY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

OMV AG (OTCMKTS:OMVKY)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.65 and traded as high as $14.45. OMV shares last traded at $14.31, with a volume of 5,533 shares traded.

Wall Street Analysts Forecast Growth

OMVKY has been the subject of a number of analyst reports. Berenberg Bank downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. Jefferies Financial Group restated a “buy” rating on shares of OMV in a report on Thursday, January 8th. Erste Group Bank upgraded OMV to a “hold” rating in a research note on Monday, September 22nd. Royal Bank Of Canada assumed coverage on OMV in a research report on Wednesday, September 24th. They set a “sector perform” rating on the stock. Finally, Barclays restated an “underweight” rating on shares of OMV in a research report on Friday, December 12th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

OMV Stock Performance

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 stock’s 50 day moving average price is $13.95 and its 200 day moving average price is $13.65. The company has a market capitalization of $18.73 billion, a P/E ratio of 3.39 and a beta of 0.01.

OMV (OTCMKTS:OMVKY) last issued its earnings results on Wednesday, October 29th. The company reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $1.75. The business had revenue of $7.30 billion during the quarter, compared to analyst estimates of $8.06 billion. OMV had a return on equity of 8.25% and a net margin of 4.57%. As a group, equities analysts expect that OMV AG will post 1.64 EPS for the current 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.