OMV (OTCMKTS:OMVKY) Announces Earnings Results

OMV (OTCMKTS:OMVKY) posted its quarterly earnings data on Wednesday. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $0.38 by $1.59, Zacks reports. The business had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.79 billion. OMV had a return on equity of 8.25% and a net margin of 4.57%.

OMV Trading Down 3.8%

Shares of OTCMKTS:OMVKY traded down $0.60 during trading on Thursday, hitting $15.10. 3,528 shares of the company’s stock were exchanged, compared to its average volume of 8,314. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25. The firm has a market cap of $19.77 billion, a P/E ratio of 3.58 and a beta of 0.02. The firm has a 50-day moving average price of $14.17 and a two-hundred day moving average price of $13.77. OMV has a 1-year low of $9.66 and a 1-year high of $15.71.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OMVKY shares. The Goldman Sachs Group cut shares of OMV from a “hold” rating to a “sell” rating in a research note on Monday, January 26th. Zacks Research downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Barclays reaffirmed an “underweight” rating on shares of OMV in a report on Friday, December 12th. Jefferies Financial Group reissued a “buy” rating on shares of OMV in a report on Thursday, January 8th. Finally, HSBC cut shares of OMV to a “reduce” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, OMV presently has an average rating of “Reduce”.

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.