OMV (OTCMKTS:OMVKY) Downgraded by Hsbc Global Res to “Moderate Sell”

Hsbc Global Res downgraded shares of OMV (OTCMKTS:OMVKY) from a hold rating to a moderate sell rating in a report published on Thursday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Berenberg Bank downgraded shares of OMV from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. Jefferies Financial Group reissued a “buy” rating on shares of OMV in a report on Thursday, January 8th. The Goldman Sachs Group cut OMV from a “hold” rating to a “sell” rating in a report on Monday, January 26th. Zacks Research downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Royal Bank Of Canada cut OMV from a “sector perform” rating to an “underperform” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

OMV Stock Performance

OTCMKTS:OMVKY opened at $15.10 on Thursday. OMV has a twelve month low of $9.66 and a twelve month high of $15.71. 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’s 50-day simple moving average is $14.19 and its 200 day simple moving average is $13.78. The firm has a market capitalization of $19.77 billion, a PE ratio of 4.25 and a beta of 0.02.

OMV (OTCMKTS:OMVKY) last posted its earnings results on Wednesday, February 4th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $1.59. The firm had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.79 billion. OMV had a net margin of 4.10% and a return on equity of 8.47%. On average, analysts anticipate that OMV will post 1.64 EPS for the current fiscal year.

About OMV

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.