OMV (OMVKY) Projected to Post Earnings on Thursday

OMV (OTCMKTS:OMVKY) is expected to post its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.74 per share and revenue of $8.9119 billion for the quarter.

OMV Stock Performance

Shares of OTCMKTS OMVKY opened at $17.68 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $17.27 and its two-hundred day moving average price is $16.82. OMV has a 52-week low of $12.52 and a 52-week high of $19.00. The stock has a market capitalization of $23.14 billion, a P/E ratio of 2.10 and a beta of -0.07.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded OMV from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus 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.