OMV (OMVKY) Projected to Announce Earnings on Wednesday

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

OMV Stock Performance

OMV stock opened at $20.20 on Wednesday. The business has a 50 day simple moving average of $20.37 and a 200-day simple moving average of $17.86. OMV has a 12 month low of $13.37 and a 12 month high of $21.05.

Analysts Set New Price Targets

OMVKY has been the subject of several recent analyst reports. Royal Bank Of Canada raised shares of OMV from an “underperform” rating to a “sector perform” rating in a report on Tuesday, October 6th. Barclays reaffirmed an “underweight” rating on shares of OMV in a report on Monday, October 5th. Zacks Research raised shares of OMV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. Finally, HSBC reiterated a “reduce” rating on shares of OMV in a research report on Friday, September 25th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

OMV Company Profile

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.