OMV (OTCMKTS:OMVKY) Rating Lowered to Moderate Sell at HSBC

OMV (OTCMKTS:OMVKY) was downgraded by analysts at HSBC from a “hold” rating to a “moderate sell” rating in a report issued on Thursday,Zacks.com reports.

Several other research firms have also weighed in on OMVKY. Barclays restated an “underweight” rating on shares of OMV in a report on Friday, December 12th. Royal Bank Of Canada downgraded shares of OMV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 29th. Jefferies Financial Group reiterated a “buy” rating on shares of OMV in a report on Thursday, January 8th. Berenberg Bank lowered OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. Finally, Zacks Research lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. One equities 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

OMV Stock Performance

Shares of OTCMKTS OMVKY opened at $15.41 on Thursday. The company has a market cap of $20.17 billion, a PE ratio of 4.34 and a beta of 0.02. The firm’s 50-day moving average price is $14.22 and its 200-day moving average price is $13.79. OMV has a 52-week low of $9.75 and a 52-week high of $15.71. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.25.

OMV (OTCMKTS:OMVKY) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $1.59. The company 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%. As a group, analysts anticipate that OMV 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.