OMV Aktiengesellschaft (OTCMKTS:OMVKY) Hits New 52-Week High - Time to Buy?

OMV Aktiengesellschaft (OTCMKTS:OMVKY - Get Free Report) shares hit a new 52-week high 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 Upgrades and Downgrades

OMVKY has been the topic of a number of recent analyst reports. Cfra Research raised OMV Aktiengesellschaft to a "moderate sell" rating in a report on Wednesday, April 9th. Berenberg Bank upgraded shares of OMV Aktiengesellschaft from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 18th.

OMV Aktiengesellschaft Stock Performance

The stock has a market cap of $16.23 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 debt-to-equity ratio of 0.28, a current ratio of 1.71 and a quick ratio of 1.26. The stock's 50-day moving average is $12.80 and its 200-day moving average is $11.33.

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

OMV Aktiengesellschaft Cuts Dividend

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

OMV Aktiengesellschaft Company Profile

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.