OMV (OTCMKTS:OMVKY) Share Price Crosses Above 200-Day Moving Average – Here’s Why

OMV AG (OTCMKTS:OMVKY)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.68 and traded as high as $14.42. OMV shares last traded at $14.42, with a volume of 5,040 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on OMVKY shares. Jefferies Financial Group reiterated a “buy” rating on shares of OMV in a research note on Thursday, January 8th. Barclays reaffirmed an “underweight” rating on shares of OMV in a research report on Friday, December 12th. Zacks Research lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Berenberg Bank downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. Finally, Royal Bank Of Canada began coverage on shares of OMV in a report on Wednesday, September 24th. They set a “sector perform” rating for the company. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

OMV Stock Performance

The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of 3.42 and a beta of 0.01. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25. The stock has a 50-day simple moving average of $14.00 and a 200-day simple moving average of $13.68.

OMV (OTCMKTS:OMVKY) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $2.18 earnings per share (EPS) for the quarter, topping 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 net margin of 4.57% and a return on equity of 8.25%. On average, analysts anticipate that OMV AG will post 1.64 earnings per share 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.