OMV (OTCMKTS:OMVKY) Shares Pass Above 200 Day Moving Average – Here’s Why

OMV AG (OTCMKTS:OMVKY)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.40 and traded as high as $17.96. OMV shares last traded at $17.7925, with a volume of 28,178 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. The Goldman Sachs Group cut OMV from a “hold” rating to a “sell” rating in a report on Monday, January 26th. Royal Bank Of Canada cut OMV from a “sector perform” rating to an “underperform” rating in a report on Thursday, January 29th. Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Jefferies Financial Group cut OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Finally, HSBC cut OMV from a “hold” rating to a “reduce” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

OMV Stock Up 0.2%

The firm has a market capitalization of $23.33 billion, a PE ratio of 2.12 and a beta of -0.09. 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 company has a fifty day moving average price of $17.34 and a 200-day moving average price of $15.40.

OMV (OTCMKTS:OMVKY) last released its quarterly earnings results on Wednesday, February 4th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $0.38 by $1.59. The company had revenue of $7.14 billion during the quarter, compared to analyst estimates of $7.79 billion. OMV had a return on equity of 8.29% and a net margin of 9.63%. As a group, analysts expect that OMV AG will post 2.22 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.