OMV (OTCMKTS:OMVKY) Announces Earnings Results

OMV (OTCMKTS:OMVKY) released its quarterly earnings data on Friday. The company reported $3.31 EPS for the quarter, topping the consensus estimate of $0.67 by $2.64, Zacks reports. OMV had a return on equity of 8.29% and a net margin of 9.63%.

OMV Price Performance

OTCMKTS OMVKY traded up $0.05 during trading hours on Friday, reaching $18.35. The company’s stock had a trading volume of 13,986 shares, compared to its average volume of 23,173. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of 2.18 and a beta of -0.07. OMV has a 1-year low of $12.52 and a 1-year high of $19.00. 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 company’s 50-day moving average is $17.24 and its two-hundred day moving average is $16.91.

Analyst Ratings Changes

Separately, Zacks Research cut shares of OMV from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, OMV currently has an average rating of “Strong Sell”.

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.