OMV (OTCMKTS:OMVKY) Shares Pass Above 200 Day Moving Average – What’s Next?

OMV AG (OTCMKTS:OMVKY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.40 and traded as high as $17.96. OMV shares last traded at $17.7925, with a volume of 28,178 shares.

Wall Street Analysts Forecast Growth

OMVKY has been the subject of several recent analyst reports. The Goldman Sachs Group cut OMV from a “hold” rating to a “sell” rating in a research note on Monday, January 26th. Jefferies Financial Group downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. 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. HSBC downgraded shares of OMV from a “hold” rating to a “reduce” rating in a research note on Thursday, February 5th. Finally, Zacks Research upgraded OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, OMV presently has a consensus rating of “Reduce”.

OMV Stock Down 1.4%

The company has a market capitalization of $23.29 billion, a P/E ratio of 2.12 and a beta of -0.09. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $17.34 and a 200 day moving average price of $15.40.

OMV (OTCMKTS:OMVKY) last announced its quarterly 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 return on equity of 8.29% and a net margin of 9.63%.The company had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.79 billion. On average, research analysts anticipate that OMV AG will post 2.22 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.