OMV (OTCMKTS:OMVKY) Hits New 52-Week High - What's Next?

OMV AG (OTCMKTS:OMVKY - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $13.95 and last traded at $13.95, with a volume of 2902 shares changing hands. The stock had previously closed at $13.64.

Analyst Upgrades and Downgrades

Separately, Cfra Research raised OMV to a "moderate sell" rating in a research report on Wednesday, April 9th.

OMV Stock Performance

The business's 50-day simple moving average is $13.34 and its 200 day simple moving average is $12.16. The firm has a market cap of $17.78 billion, a P/E ratio of 5.30, a P/E/G ratio of 1.40 and a beta of 0.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.64.

OMV (OTCMKTS:OMVKY - Get Free Report) last announced its quarterly earnings data 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 had a net margin of 3.27% and a return on equity of 7.36%. The firm had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $9.29 billion. As a group, equities analysts predict that OMV AG will post 1.64 earnings per share for the current year.

OMV Cuts Dividend

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