OMV (OTCMKTS:OMVKY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

OMV AG (OTCMKTS:OMVKY)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.91 and traded as high as $16.38. OMV shares last traded at $16.38, with a volume of 8,939 shares.

Analyst Ratings Changes

Several brokerages have issued reports on OMVKY. Royal Bank Of Canada downgraded shares of OMV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 29th. The Goldman Sachs Group lowered OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th. Berenberg Bank downgraded OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of OMV in a research note on Thursday, January 8th. Finally, Zacks Research upgraded OMV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, OMV currently has a consensus rating of “Hold”.

OMV Stock Performance

The firm has a 50-day simple moving average of $14.49 and a two-hundred day simple moving average of $13.91. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $21.44 billion, a price-to-earnings ratio of 4.61 and a beta of 0.02.

OMV (OTCMKTS:OMVKY) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $0.38 by $1.59. The business had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.79 billion. OMV had a return on equity of 8.47% and a net margin of 4.10%. As a group, sell-side analysts forecast that OMV AG will post 1.64 earnings per share for the current fiscal 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.