OMV (OTCMKTS:OMVKY) Reaches New 1-Year High – Time to Buy?

OMV AG (OTCMKTS:OMVKY) shares hit a new 52-week high on Monday . The stock traded as high as $17.20 and last traded at $17.20, with a volume of 709 shares. The stock had previously closed at $16.98.

Analysts Set New Price Targets

OMVKY has been the topic of several research analyst reports. Barclays reaffirmed an “underweight” rating on shares of OMV in a research note on Friday, December 12th. The Goldman Sachs Group lowered shares of OMV from a “hold” rating to a “sell” rating in a research report on Monday, January 26th. Jefferies Financial Group restated a “buy” rating on shares of OMV in a report on Thursday, January 8th. Royal Bank Of Canada downgraded OMV from a “sector perform” rating to an “underperform” rating in a report on Thursday, January 29th. Finally, Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

OMV Price Performance

The stock has a market cap of $22.57 billion, a price-to-earnings ratio of 4.86 and a beta of 0.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The business’s fifty day simple moving average is $15.50 and its 200 day simple moving average is $14.30.

OMV (OTCMKTS:OMVKY) last released 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 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 8.51% and a net margin of 4.10%. Research analysts predict 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.