OMV (OTCMKTS:OMVKY) Hits New 52-Week High – Time to Buy?

OMV AG (OTCMKTS:OMVKY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $18.1050 and last traded at $18.04, with a volume of 10403 shares. The stock had previously closed at $17.97.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OMVKY. Barclays reiterated an “underweight” rating on shares of OMV in a report on Friday, December 12th. Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Royal Bank Of Canada downgraded shares of OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. The Goldman Sachs Group cut shares of OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th. Finally, Zacks Research upgraded shares of OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, OMV has a consensus rating of “Reduce”.

OMV Price Performance

The stock has a market cap of $23.62 billion, a price-to-earnings ratio of 5.08 and a beta of 0.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The company has a 50-day simple moving average of $16.22 and a two-hundred day simple moving average of $14.59.

OMV (OTCMKTS:OMVKY) last released its quarterly earnings data on Wednesday, February 4th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $0.38 by $1.59. OMV had a return on equity of 8.51% and a net margin of 4.10%.The company had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.79 billion. As a group, equities research analysts forecast 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.