OMV (OTCMKTS:OMVKY) Sees Large Volume Increase – Time to Buy?

OMV AG (OTCMKTS:OMVKY) shares saw unusually-high trading volume on Thursday . Approximately 22,056 shares traded hands during mid-day trading, an increase of 194% from the previous session’s volume of 7,493 shares.The stock last traded at $16.3850 and had previously closed at $16.3190.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OMVKY shares. Jefferies Financial Group reissued a “buy” rating on shares of OMV in a research report on Thursday, January 8th. Zacks Research raised shares of OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada lowered shares of OMV from a “sector perform” rating to an “underperform” rating in a report on Thursday, January 29th. Berenberg Bank downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. Finally, Barclays reissued an “underweight” rating on shares of OMV in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, OMV currently has a consensus rating of “Hold”.

OMV Trading Up 0.4%

The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $21.45 billion, a price-to-earnings ratio of 4.62 and a beta of 0.02. The business has a 50 day simple moving average of $14.84 and a 200-day simple moving average of $14.06.

OMV (OTCMKTS:OMVKY) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $0.38 by $1.59. OMV had a net margin of 4.10% and a return on equity of 8.51%. The business had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.79 billion. On average, equities analysts predict 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.