OMV AG (OTCMKTS:OMVKY) Given Consensus Rating of “Hold” by Brokerages

Shares of OMV AG (OTCMKTS:OMVKY) have earned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company.

A number of equities research analysts have commented on the stock. Royal Bank Of Canada assumed coverage on shares of OMV in a report on Wednesday, September 24th. They set a “sector perform” rating on the stock. Zacks Research lowered OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Jefferies Financial Group reissued a “buy” rating on shares of OMV in a report on Thursday, January 8th. Erste Group Bank raised OMV to a “hold” rating in a research note on Monday, September 22nd. Finally, Berenberg Bank downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th.

OMV Stock Up 0.9%

Shares of OMV stock opened at $14.30 on Tuesday. OMV has a 12-month low of $9.66 and a 12-month high of $14.95. The stock has a 50 day moving average price of $13.93 and a two-hundred day moving average price of $13.65. 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 stock has a market capitalization of $18.72 billion, a P/E ratio of 3.39 and a beta of 0.01.

OMV (OTCMKTS:OMVKY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $2.18 EPS for the quarter, beating the consensus estimate of $0.43 by $1.75. OMV had a return on equity of 8.25% and a net margin of 4.57%.The firm had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Equities analysts expect that OMV will post 1.64 earnings per share for the current year.

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.