OMV Aktiengesellschaft (OTCMKTS:OMVKY) Sets New 52-Week High - Still a Buy?

OMV Aktiengesellschaft (OTCMKTS:OMVKY - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $13.86 and last traded at $13.49, with a volume of 5806 shares changing hands. The stock had previously closed at $13.65.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Berenberg Bank upgraded shares of OMV Aktiengesellschaft from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Cfra Research upgraded shares of OMV Aktiengesellschaft to a "moderate sell" rating in a research report on Wednesday, April 9th.

OMV Aktiengesellschaft Stock Performance

The stock's 50-day simple moving average is $12.79 and its 200-day simple moving average is $11.36. The stock has a market cap of $16.22 billion, a price-to-earnings ratio of 4.98, a price-to-earnings-growth ratio of 0.80 and a beta of 0.26. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 0.28.

OMV Aktiengesellschaft (OTCMKTS:OMVKY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.91. OMV Aktiengesellschaft had a net margin of 4.02% and a return on equity of 8.35%. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $9.29 billion. Analysts forecast that OMV Aktiengesellschaft will post 1.64 earnings per share for the current fiscal year.

OMV Aktiengesellschaft Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.3423 per share. This represents a dividend yield of 2.56%. The ex-dividend date is Thursday, June 5th. OMV Aktiengesellschaft's dividend payout ratio (DPR) is presently 21.88%.

About OMV Aktiengesellschaft

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.