OMV AG (OTCMKTS:OMVKY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of OMV AG (OTCMKTS:OMVKY) have earned an average rating of “Reduce” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company.

A number of research firms have recently weighed in on OMVKY. Zacks Research lowered OMV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Barclays reiterated an “underweight” rating on shares of OMV in a report on Friday, December 12th. Berenberg Bank lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of OMV in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group lowered shares of OMV from a “hold” rating to a “sell” rating in a report on Monday.

OMV Stock Up 0.1%

Shares of OTCMKTS:OMVKY opened at $14.85 on Friday. The stock has a market capitalization of $19.44 billion, a P/E ratio of 3.52 and a beta of 0.01. The stock’s 50-day moving average price is $14.10 and its 200-day moving average price is $13.73. 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 $15.02.

OMV (OTCMKTS:OMVKY) last issued its earnings results on Wednesday, October 29th. The company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $0.43 by $1.75. OMV had a return on equity of 8.25% and a net margin of 4.57%.The company had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $8.06 billion. On average, equities analysts anticipate that OMV will post 1.64 earnings per share for the current 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.