OMV (OMVKY) to Release Quarterly Earnings on Thursday

OMV (OTCMKTS:OMVKY) is anticipated to issue its resultson Thursday, July 30th. Analysts expect OMV to announce earnings of $0.74 per share and revenue of $9.1456 billion for the quarter.

OMV Stock Performance

Shares of OTCMKTS:OMVKY opened at $18.30 on Thursday. The firm has a market cap of $23.96 billion, a PE ratio of 2.18 and a beta of -0.07. The firm’s 50 day simple moving average is $17.29 and its 200-day simple moving average is $16.74. OMV has a one year low of $12.52 and a one year high of $19.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded OMV from a “hold” rating to a “strong sell” rating in a report on Monday. Three investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Strong Sell”.

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.