OMV (OTCMKTS:OMVKY) Announces Quarterly Earnings Results, Beats Estimates By $2.64 EPS

OMV (OTCMKTS:OMVKY) announced its quarterly earnings results on Friday. The company reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.64, Zacks reports. OMV had a net margin of 9.63% and a return on equity of 8.29%.

OMV Price Performance

OMVKY traded up $0.05 during trading hours on Friday, hitting $18.35. The company’s stock had a trading volume of 13,986 shares, compared to its average volume of 23,173. The stock has a market cap of $24.02 billion, a price-to-earnings ratio of 2.18 and a beta of -0.07. The business’s 50-day moving average price is $17.24 and its 200-day moving average price is $16.91. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. OMV has a 12 month low of $12.52 and a 12 month high of $19.00.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut OMV from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Three analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Sell”.

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.