OMV (OTCMKTS:OMVKY) Upgraded to “Strong-Buy” at Zacks Research

OMV (OTCMKTS:OMVKY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other research firms have also commented on OMVKY. Jefferies Financial Group reiterated a “buy” rating on shares of OMV in a research note on Thursday, January 8th. Barclays reiterated an “underweight” rating on shares of OMV in a report on Friday, December 12th. The Goldman Sachs Group downgraded OMV from a “hold” rating to a “sell” rating in a research note on Monday, January 26th. Royal Bank Of Canada cut OMV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 29th. Finally, Hsbc Global Res lowered OMV from a “hold” rating to a “moderate sell” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, OMV has an average rating of “Reduce”.

OMV Trading Down 3.8%

Shares of OTCMKTS:OMVKY opened at $15.10 on Wednesday. The company has a market capitalization of $19.77 billion, a PE ratio of 4.25 and a beta of 0.02. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25. OMV has a 12-month low of $9.66 and a 12-month high of $15.71. The business’s fifty day simple moving average is $14.19 and its 200-day simple moving average is $13.78.

OMV (OTCMKTS:OMVKY) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $1.59. The company had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $7.79 billion. OMV had a return on equity of 8.47% and a net margin of 4.10%. As a group, equities research analysts predict that OMV will post 1.64 earnings per share for the current fiscal 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.