OMV (OTCMKTS:OMVKY) Sets New 12-Month High – Here’s What Happened

Shares of OMV AG (OTCMKTS:OMVKY) hit a new 52-week high during trading on Monday . The company traded as high as $16.50 and last traded at $16.50, with a volume of 2052 shares traded. The stock had previously closed at $16.3610.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OMVKY shares. Royal Bank Of Canada lowered shares of OMV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 29th. HSBC cut shares of OMV from a “hold” rating to a “reduce” rating in a research note on Thursday, February 5th. The Goldman Sachs Group cut shares of OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th. Jefferies Financial Group reissued a “buy” rating on shares of OMV in a research note on Thursday, January 8th. Finally, Barclays reaffirmed an “underweight” rating on shares of OMV in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, OMV has an average rating of “Hold”.

OMV Trading Up 1.1%

The company’s fifty day simple moving average is $14.68 and its two-hundred day simple moving average is $14.00. 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 capitalization of $21.51 billion, a price-to-earnings ratio of 4.63 and a beta of 0.02.

OMV (OTCMKTS:OMVKY) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $1.59. OMV had a net margin of 4.10% and a return on equity of 8.47%. The company had revenue of $7.14 billion during the quarter, compared to analyst estimates of $7.79 billion. Research analysts forecast that OMV AG will post 1.64 earnings per share for the current fiscal year.

About OMV

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.