OMV AG (OTCMKTS:OMVKY) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• Seven analysts give OMV a consensus recommendation of "Reduce" (three sell, three hold, one strong buy), with recent downgrades from major firms including Jefferies, RBC, Goldman Sachs and HSBC while Zacks issued an upgrade.
• OMV reported quarterly EPS of $1.97, beating estimates by $1.59, but revenue of $7.14 billion missed estimates of $7.79 billion; sell-side forecasts forecast about 1.64 EPS for the current year.
• The stock trades around $17.53 with a one-year range of $12.04–$18.68, a market capitalization near $22.95 billion and a low reported P/E of about 4.94, signaling a relatively cheap valuation.

OMV AG (OTCMKTS:OMVKY - Get Free Report) has earned a consensus recommendation of "Reduce" from the seven research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company.

OMVKY has been the topic of a number of research reports. Jefferies Financial Group lowered shares of OMV from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 20th. Zacks Research upgraded shares of OMV from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 4th. Royal Bank Of Canada downgraded shares of OMV from a "sector perform" rating to an "underperform" rating in a research note on Thursday, January 29th. The Goldman Sachs Group downgraded shares of OMV from a "hold" rating to a "sell" rating in a research note on Monday, January 26th. Finally, HSBC downgraded shares of OMV from a "hold" rating to a "reduce" rating in a research note on Thursday, February 5th.

OMV Trading Down 1.1%

Shares of OMVKY stock opened at $17.53 on Thursday. OMV has a 1 year low of $12.04 and a 1 year high of $18.68. The firm's fifty day simple moving average is $16.98 and its 200 day simple moving average is $14.96. The firm has a market capitalization of $22.95 billion, a P/E ratio of 4.94 and a beta of -0.09. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25.

OMV (OTCMKTS:OMVKY - Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $1.97 earnings per share (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 business had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.79 billion. As a group, sell-side analysts predict that OMV will post 1.64 EPS for the current year.

OMV Company Profile

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.

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