OMV (OTCMKTS:OMVKY) Releases Quarterly Earnings Results, Beats Expectations By $1.57 EPS

OMV (OTCMKTS:OMVKY) posted its earnings results on Wednesday. The company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $1.57, Zacks reports. OMV had a return on equity of 8.25% and a net margin of 4.57%.

OMV Trading Up 2.1%

Shares of OMVKY traded up $0.32 during mid-day trading on Wednesday, reaching $15.36. 3,655 shares of the company’s stock traded hands, compared to its average volume of 8,209. OMV has a 12 month low of $9.66 and a 12 month high of $15.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.30. The stock has a market cap of $20.11 billion, a P/E ratio of 3.64 and a beta of 0.02. The stock’s 50-day moving average is $14.14 and its two-hundred day moving average is $13.75.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OMVKY. The Goldman Sachs Group downgraded shares of OMV from a “hold” rating to a “sell” rating in a research note on Monday, January 26th. Jefferies Financial Group restated a “buy” rating on shares of OMV in a report on Thursday, January 8th. Barclays reaffirmed 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 note on Thursday, January 29th. Finally, Zacks Research downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

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.