OMV AG (OTCMKTS:OMVKY) Given Average Recommendation of “Reduce” by Analysts

OMV AG (OTCMKTS:OMVKY) has earned an average rating of “Reduce” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company.

A number of research firms have recently issued reports on OMVKY. Jefferies Financial Group downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Barclays restated an “underweight” rating on shares of OMV in a report on Friday, December 12th. Royal Bank Of Canada cut OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. The Goldman Sachs Group downgraded OMV from a “hold” rating to a “sell” rating in a report on Monday, January 26th. Finally, Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th.

OMV Stock Up 0.8%

OTCMKTS:OMVKY opened at $17.97 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 1.24. OMV has a 1-year low of $11.21 and a 1-year high of $17.97. The company has a 50-day moving average of $16.15 and a 200 day moving average of $14.56. The firm has a market cap of $23.52 billion, a PE ratio of 5.06 and a beta of 0.01.

OMV (OTCMKTS:OMVKY) last posted its earnings results on Wednesday, February 4th. The company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $7.79 billion. As a group, research analysts anticipate that OMV will post 1.64 EPS 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.