OMV AG (OTCMKTS:OMVKY) Receives Consensus Rating of “Reduce” from Analysts

Shares of OMV AG (OTCMKTS:OMVKY) have been given a consensus rating of “Reduce” by the seven research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a strong buy recommendation to the company.

Several research analysts recently issued reports on OMVKY shares. The Goldman Sachs Group downgraded OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th. Jefferies Financial Group downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Royal Bank Of Canada downgraded OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. HSBC downgraded OMV from a “hold” rating to a “reduce” rating in a report on Thursday, February 5th. Finally, Zacks Research upgraded OMV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th.

OMV Stock Performance

OTCMKTS OMVKY opened at $16.74 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. OMV has a 52-week low of $12.04 and a 52-week high of $18.68. The firm has a market cap of $21.91 billion, a P/E ratio of 4.72 and a beta of -0.09. The business’s 50-day moving average price is $17.06 and its 200 day moving average price is $15.02.

OMV (OTCMKTS:OMVKY) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.97 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.79 billion. On average, equities research analysts expect that OMV 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.