OMV (OMVKY) Set to Post Earnings on Wednesday

OMV (OTCMKTS:OMVKY) is expected to release its results before the market opens on Wednesday, November 4th. Analysts expect OMV to announce earnings of $0.8740 per share and revenue of $9.37 billion for the quarter.

OMV Stock Performance

OTCMKTS OMVKY opened at $20.20 on Wednesday. OMV has a 1 year low of $13.37 and a 1 year high of $21.05. The company has a fifty day moving average of $20.37 and a 200 day moving average of $17.86.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OMVKY. HSBC reiterated a “reduce” rating on shares of OMV in a research note on Friday, September 25th. Zacks Research upgraded OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. Royal Bank Of Canada raised OMV from an “underperform” rating to a “sector perform” rating in a report on Tuesday, October 6th. Finally, Barclays reiterated an “underweight” rating on shares of OMV in a research report on Monday, October 5th. One investment 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 data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

About OMV

OMV AG (OTCMKTS:OMVKY) is an Austria-based, integrated energy, fuels and chemicals company. Its operations span the energy value chain, including exploration and production of crude oil and natural gas, natural gas marketing, fuel refining and distribution, and the development of lower-carbon energy solutions.

The company supplies fuels, feedstocks and other energy products to customers in Central and Southeastern Europe and selected international markets. OMV operates refining and retail businesses, including service stations, and has historically maintained upstream activities in countries such as Austria, Romania, Norway and the United Arab Emirates.