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

Shares of OMV AG (OTCMKTS:OMVKY - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $13.89 and last traded at $13.89, with a volume of 388 shares. The stock had previously closed at $13.81.

Analysts Set New Price Targets

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

OMV Stock Up 0.9%

The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 0.26. The firm's 50-day moving average price is $13.14 and its 200 day moving average price is $11.72. The firm has a market cap of $18.24 billion, a P/E ratio of 5.44, a price-to-earnings-growth ratio of 1.33 and a beta of 0.27.

OMV (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, beating analysts' consensus estimates of $0.42 by $0.91. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $9.29 billion. OMV had a net margin of 3.27% and a return on equity of 7.32%. As a group, research analysts expect that OMV AG will post 1.64 earnings per share for the current year.

OMV Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 17th. Shareholders of record on Friday, June 6th were issued a $0.3423 dividend. This represents a dividend yield of 2.56%. The ex-dividend date was Thursday, June 5th. OMV's payout ratio is 22.66%.

About OMV

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.