OMV (OTCMKTS:OMVKY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of OMV AG (OTCMKTS:OMVKY) saw unusually-high trading volume on Friday . Approximately 30,872 shares changed hands during trading, an increase of 155% from the previous session’s volume of 12,088 shares.The stock last traded at $12.83 and had previously closed at $13.01.

Wall Street Analyst Weigh In

OMVKY has been the subject of several recent research reports. Royal Bank Of Canada initiated coverage on shares of OMV in a research report on Wednesday, September 24th. They set a “sector perform” rating for the company. Zacks Research upgraded shares of OMV from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, Erste Group Bank upgraded shares of OMV to a “hold” rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

OMV Trading Down 1.8%

The firm has a market capitalization of $16.72 billion, a P/E ratio of 4.13 and a beta of 0.24. The stock’s 50-day simple moving average is $13.53 and its two-hundred day simple moving average is $13.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.64 and a quick ratio of 1.35.

OMV (OTCMKTS:OMVKY) last released its earnings results on Thursday, July 31st. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $0.34 by $1.00. OMV had a net margin of 3.12% and a return on equity of 7.02%. The firm had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $8.41 billion. Equities research analysts expect that OMV AG will post 1.64 EPS for the current year.

OMV Company Profile

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.