OMV (OTCMKTS:OMVKY) Reaches New 1-Year High – Time to Buy?

OMV AG (OTCMKTS:OMVKYGet Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as $18.1050 and last traded at $18.04, with a volume of 10403 shares. The stock had previously closed at $17.97.

OMV News Summary

Here are the key news stories impacting OMV this week:

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays reaffirmed an “underweight” rating on shares of OMV in a research report on Friday, December 12th. Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. HSBC downgraded shares of OMV from a “hold” rating to a “reduce” rating in a research note on Thursday, February 5th. Royal Bank Of Canada lowered shares of OMV from a “sector perform” rating to an “underperform” rating in a report on Thursday, January 29th. Finally, Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Check Out Our Latest Analysis on OMVKY

OMV Trading Down 1.1%

The company has a market capitalization of $23.37 billion, a PE ratio of 5.03 and a beta of -0.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The business has a fifty day moving average price of $16.37 and a 200 day moving average price of $14.65.

OMV (OTCMKTS:OMVKYGet Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $1.59. OMV had a return on equity of 8.51% and a net margin of 4.10%.The business had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.79 billion. Analysts expect that OMV AG will post 1.64 EPS for the current fiscal year.

OMV Company Profile

(Get Free Report)

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.

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