OMV Aktiengesellschaft (OTCMKTS:OMVKY) Stock Price Crosses Above 200 Day Moving Average - Here's Why

OMV Aktiengesellschaft (OTCMKTS:OMVKY - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.39 and traded as high as $12.38. OMV Aktiengesellschaft shares last traded at $12.36, with a volume of 17,444 shares changing hands.

Analysts Set New Price Targets

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

OMV Aktiengesellschaft Price Performance

The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 0.28. The business's 50-day moving average is $12.84 and its two-hundred day moving average is $11.43. The company has a market capitalization of $16.85 billion, a P/E ratio of 5.17, a price-to-earnings-growth ratio of 0.80 and a beta of 0.26.

OMV Aktiengesellschaft (OTCMKTS:OMVKY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.33 earnings per share for the quarter, beating 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 company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $9.29 billion. As a group, analysts predict that OMV Aktiengesellschaft will post 1.64 earnings per share for the current year.

OMV Aktiengesellschaft Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Friday, June 6th will be given a $0.3423 dividend. This represents a yield of 2.56%. The ex-dividend date is Thursday, June 5th. OMV Aktiengesellschaft's dividend payout ratio is 22.66%.

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.