OMV (OTCMKTS:OMVKY) Upgraded at Zacks Research

Zacks Research upgraded shares of OMV (OTCMKTS:OMVKY) from a hold rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

Several other equities analysts also recently commented on the company. Berenberg Bank downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. Jefferies Financial Group reiterated a “buy” rating on shares of OMV in a research report on Thursday, January 8th. HSBC lowered OMV from a “hold” rating to a “reduce” rating in a research note on Thursday. Royal Bank Of Canada lowered shares of OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. Finally, Barclays reissued an “underweight” rating on shares of OMV in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

OMV Stock Up 2.1%

OTCMKTS:OMVKY opened at $15.41 on Wednesday. The company has a market cap of $20.17 billion, a PE ratio of 4.34 and a beta of 0.02. OMV has a 52-week low of $9.75 and a 52-week high of $15.71. The stock has a 50-day simple moving average of $14.22 and a 200 day simple moving average of $13.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.30 and a current ratio of 1.65.

OMV (OTCMKTS:OMVKY) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $0.38 by $1.59. The firm had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.79 billion. OMV had a return on equity of 8.47% and a net margin of 4.10%. On average, sell-side analysts expect that OMV 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.