OMV (OTCMKTS:OMVKY) Downgraded to “Moderate Sell” Rating by Hsbc Global Res

OMV (OTCMKTS:OMVKY) was downgraded by analysts at Hsbc Global Res from a “hold” rating to a “moderate sell” rating in a note issued to investors on Thursday,Zacks.com reports.

OMVKY has been the subject of several other reports. Barclays reaffirmed an “underweight” rating on shares of OMV in a research report on Friday, December 12th. Zacks Research cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Jefferies Financial Group reaffirmed a “buy” rating on shares of OMV in a report on Thursday, January 8th. The Goldman Sachs Group cut shares of OMV from a “hold” rating to a “sell” rating in a research note on Monday, January 26th. Finally, HSBC lowered shares of OMV to a “reduce” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, OMV currently has an average rating of “Reduce”.

OMV Stock Down 3.8%

OMVKY stock opened at $15.10 on Thursday. OMV has a twelve month low of $9.66 and a twelve month high of $15.71. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.25. The company has a market cap of $19.77 billion, a PE ratio of 4.25 and a beta of 0.02. The business’s 50-day simple moving average is $14.19 and its 200 day simple moving average is $13.78.

OMV (OTCMKTS:OMVKY) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $1.59. OMV had a return on equity of 8.47% and a net margin of 4.10%.The company had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.79 billion. On average, research analysts anticipate that OMV 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.