OMV (OTCMKTS:OMVKY) Announces Earnings Results

Key Points

• OMV reported quarterly EPS of $4.07, significantly beating analysts’ consensus estimate of $0.87. The company posted a 9.92% net margin and 10.95% return on equity.
• OMVKY shares rose 1.2% to $20.62, near their 52-week high of $21.05, giving OMV a market capitalization of approximately $26.99 billion.
• Analyst sentiment remains cautious despite the earnings beat: MarketBeat lists a consensus rating of “Reduce,” with one Strong Buy, three Holds and three Sell ratings.

OMV (OTCMKTS:OMVKY - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $4.07 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $3.20, Zacks reports. OMV had a net margin of 9.92% and a return on equity of 10.95%.

OMV Stock Up 1.2%

OMVKY stock traded up $0.24 during midday trading on Thursday, reaching $20.62. 4,767 shares of the company's stock traded hands, compared to its average volume of 21,356. The company has a market cap of $26.99 billion, a price-to-earnings ratio of 2.18 and a beta of -0.03. The firm's fifty day moving average price is $20.38 and its 200-day moving average price is $17.89. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.27. OMV has a 52 week low of $13.37 and a 52 week high of $21.05.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada raised shares of OMV from an "underperform" rating to a "sector perform" rating in a research report on Tuesday, October 6th. Zacks Research raised OMV from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 16th. HSBC reaffirmed a "reduce" rating on shares of OMV in a research note on Friday, September 25th. Finally, Barclays reiterated an "underweight" rating on shares of OMV in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce".

OMV Company Profile

OMV AG OTCMKTS: OMVKY is an Austria-based, integrated energy, fuels and chemicals company. Its operations span the energy value chain, including exploration and production of crude oil and natural gas, natural gas marketing, fuel refining and distribution, and the development of lower-carbon energy solutions.

The company supplies fuels, feedstocks and other energy products to customers in Central and Southeastern Europe and selected international markets. OMV operates refining and retail businesses, including service stations, and has historically maintained upstream activities in countries such as Austria, Romania, Norway and the United Arab Emirates.

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