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

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

OMVKY has been the subject of a number of research reports. Jefferies Financial Group reissued a “buy” rating on shares of OMV in a research note on Thursday, January 8th. Zacks Research lowered OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. The Goldman Sachs Group cut OMV from a “hold” rating to a “sell” rating in a research note on Monday. Barclays reaffirmed an “underweight” rating on shares of OMV in a research note on Friday, December 12th. Finally, Royal Bank Of Canada lowered OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday.

OMV Stock Up 0.1%

Shares of OMV stock opened at $14.85 on Friday. 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 has a 12-month low of $9.66 and a 12-month high of $15.02. The company has a market cap of $19.44 billion, a P/E ratio of 3.52 and a beta of 0.01. The company’s fifty day simple moving average is $14.10 and its two-hundred day simple moving average is $13.73.

OMV (OTCMKTS:OMVKY) last announced its earnings results on Wednesday, October 29th. The company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $1.75. OMV had a net margin of 4.57% and a return on equity of 8.25%. The firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $8.06 billion. Research analysts anticipate that OMV will post 1.64 EPS for the current year.

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.