OMV AG (OTCMKTS:OMVKY) Given Average Rating of “Hold” by Brokerages

Shares of OMV AG (OTCMKTS:OMVKY) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of brokerages have recently issued reports on OMVKY. Jefferies Financial Group reissued a “buy” rating on shares of OMV in a report on Thursday, January 8th. HSBC cut shares of OMV from a “hold” rating to a “reduce” rating in a research note on Thursday. Barclays restated an “underweight” rating on shares of OMV in a research report on Friday, December 12th. Royal Bank Of Canada downgraded OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group cut OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th.

OMV Trading Up 2.1%

OTCMKTS:OMVKY opened at $15.41 on Friday. OMV has a 1 year low of $9.75 and a 1 year high of $15.71. The stock’s fifty day moving average price is $14.22 and its two-hundred day moving average price is $13.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.30. The company has a market cap of $20.17 billion, a P/E ratio of 4.34 and a beta of 0.02.

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