OMV (OTCMKTS:OMVKY) Sees Unusually-High Trading Volume – Here’s Why

OMV AG (OTCMKTS:OMVKY) shares saw unusually-high trading volume on Friday . Approximately 16,752 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 9,984 shares.The stock last traded at $14.20 and had previously closed at $13.95.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OMVKY. Barclays reiterated an “underweight” rating on shares of OMV in a research note on Friday, December 12th. Zacks Research lowered OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Berenberg Bank downgraded 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 shares of OMV in a research report on Wednesday, September 24th. They set a “sector perform” rating for the company. Finally, Erste Group Bank raised shares of OMV to a “hold” rating in a research note on Monday, September 22nd. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

OMV Price Performance

The stock has a 50-day moving average of $13.88 and a two-hundred day moving average of $13.60. The firm has a market cap of $18.60 billion, a price-to-earnings ratio of 3.37 and a beta of 0.01. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25.

OMV (OTCMKTS:OMVKY) last posted its quarterly earnings data 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 firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $8.06 billion. On average, analysts anticipate that OMV AG will post 1.64 EPS 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.