OMV (OMVKY) Expected to Announce Earnings on Tuesday

OMV (OTCMKTS:OMVKY) is expected to post its results before the market opens on Tuesday, February 3rd. Analysts expect OMV to post earnings of $0.40 per share for the quarter.

OMV (OTCMKTS:OMVKY) last released its earnings results on Wednesday, October 29th. The company reported $2.18 EPS for the quarter, topping the consensus estimate of $0.43 by $1.75. The firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $8.06 billion. OMV had a net margin of 4.57% and a return on equity of 8.25%. On average, analysts expect OMV to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OMV Stock Performance

OMVKY opened at $14.68 on Tuesday. 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 has a market capitalization of $19.22 billion, a price-to-earnings ratio of 3.48 and a beta of 0.01. The company has a fifty day moving average of $14.03 and a 200 day moving average of $13.70. OMV has a fifty-two week low of $9.66 and a fifty-two week high of $14.95.

Analyst Ratings Changes

A number of research analysts have recently weighed in on OMVKY shares. The Goldman Sachs Group lowered OMV to a “sell” rating in a research report on Monday. Berenberg Bank cut OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. Barclays reaffirmed an “underweight” rating on shares of OMV in a research note on Friday, December 12th. Zacks Research downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of OMV in a report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, OMV presently has an average rating of “Reduce”.

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.