OMV (OTCMKTS:OMVKY) Shares Gap Down – Time to Sell?

OMV AG (OTCMKTS:OMVKY) gapped down before the market opened on Friday . The stock had previously closed at $17.86, but opened at $17.2695. OMV shares last traded at $17.2916, with a volume of 713 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on OMVKY shares. The Goldman Sachs Group cut shares of OMV from a “hold” rating to a “sell” rating in a research note on Monday, January 26th. Royal Bank Of Canada cut shares of OMV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 29th. Zacks Research raised shares of OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, HSBC cut shares of OMV from a “hold” rating to a “reduce” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

OMV Stock Down 2.7%

The stock has a market cap of $22.74 billion, a PE ratio of 4.89 and a beta of -0.09. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $16.84 and a 200-day moving average price of $14.88.

OMV (OTCMKTS:OMVKY) last announced its earnings results on Wednesday, February 4th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $1.59. OMV had a return on equity of 8.51% and a net margin of 4.10%.The firm had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.79 billion. As a group, analysts forecast that OMV AG will post 1.64 earnings per share for the current year.

OMV Company Profile

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.