OMV (OTCMKTS:OMVKY) Sets New 1-Year High - Here's Why

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

Analysts Set New Price Targets

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

OMV Trading Down 0.6%

The stock has a market capitalization of $17.85 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 1.37 and a beta of 0.27. The company has a current ratio of 1.64, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $13.35 and a 200 day moving average of $12.22.

OMV (OTCMKTS:OMVKY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.91. The firm had revenue of $6.75 billion for the quarter, compared to analysts' expectations of $9.29 billion. OMV had a return on equity of 7.36% and a net margin of 3.27%. As a group, equities analysts predict that OMV AG will post 1.64 EPS for the current fiscal 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 given a dividend of $0.3423 per share. This represents a yield of 2.56%. The ex-dividend date was Thursday, June 5th. OMV's dividend payout ratio is 22.66%.

OMV 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.