OMV AG (OTCMKTS:OMVKY) Receives Average Recommendation of “Hold” from Brokerages

by · The Cerbat Gem

OMV AG (OTCMKTS:OMVKY – Get Free Report) has received an average rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company.

Several research analysts have issued reports on OMVKY shares. Berenberg Bank cut shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. Royal Bank Of Canada started coverage on OMV in a report on Wednesday, September 24th. They set a “sector perform” rating on the stock. Zacks Research downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Jefferies Financial Group reiterated a “buy” rating on shares of OMV in a research report on Thursday. Finally, Barclays restated an “underweight” rating on shares of OMV in a report on Friday, December 12th.

Check Out Our Latest Stock Report on OMVKY

OMV Stock Down 0.6%

Shares of OMVKY opened at $13.77 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.30. OMV has a 1 year low of $9.66 and a 1 year high of $14.95. The stock has a 50 day simple moving average of $13.92 and a two-hundred day simple moving average of $13.63. The firm has a market cap of $18.03 billion, a P/E ratio of 3.26 and a beta of 0.01.

OMV (OTCMKTS:OMVKY – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $1.75. OMV had a return on equity of 8.25% and a net margin of 4.57%.The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $8.06 billion. On average, analysts forecast that OMV will post 1.64 earnings per share for the current fiscal year.

About OMV

(Get Free Report)

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.

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