OMV (OTCMKTS:OMVKY) Sets New 52-Week High – Time to Buy?

OMV AG (OTCMKTS:OMVKY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $16.9685 and last traded at $16.8650, with a volume of 4211 shares traded. The stock had previously closed at $16.95.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OMVKY. The Goldman Sachs Group downgraded shares of OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th. Berenberg Bank downgraded OMV from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. Zacks Research upgraded OMV from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Barclays reaffirmed an “underweight” rating on shares of OMV in a report on Friday, December 12th. Finally, Royal Bank Of Canada downgraded OMV from a “sector perform” rating to an “underperform” rating in a research 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 three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

OMV Stock Down 0.4%

The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $15.22 and a two-hundred day moving average of $14.20. The firm has a market capitalization of $22.10 billion, a price-to-earnings ratio of 4.75 and a beta of 0.01.

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. OMV had a net margin of 4.10% and a return on equity of 8.51%. The firm had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.79 billion. As a group, sell-side analysts anticipate that OMV AG 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.