OMV (OTCMKTS:OMVKY) Sees Large Volume Increase – Time to Buy?
by Amy Steele · The Cerbat GemShares of OMV AG (OTCMKTS:OMVKY – Get Free Report) saw an uptick in trading volume on Wednesday . 33,220 shares traded hands during mid-day trading, an increase of 213% from the previous session’s volume of 10,620 shares.The stock last traded at $17.8712 and had previously closed at $18.56.
Analyst Ratings Changes
Several research firms have recently weighed in on OMVKY. HSBC lowered shares of OMV from a “hold” rating to a “reduce” rating in a report on Thursday, February 5th. Royal Bank Of Canada downgraded OMV from a “sector perform” rating to an “underperform” rating in a report on Thursday, January 29th. The Goldman Sachs Group downgraded OMV from a “hold” rating to a “sell” rating in a report on Monday, January 26th. Jefferies Financial Group downgraded OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Finally, Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.
Check Out Our Latest Stock Report on OMVKY
OMV Stock Performance
The company has a market capitalization of $22.74 billion, a P/E ratio of 4.89 and a beta of -0.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. The stock’s 50 day simple moving average is $16.79 and its two-hundred day simple moving average is $14.84.
OMV (OTCMKTS:OMVKY – Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $1.59. OMV had a net margin of 4.10% and a return on equity of 8.51%. The company had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.79 billion. As a group, research analysts expect 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.