OMV (OTCMKTS:OMVKY) Sees Large Volume Increase - Still a Buy?

Key Points

• OMV AG (OTCMKTS:OMVKY) experienced a 155% increase in trading volume, with around 30,872 shares exchanged on Friday, while the stock price decreased to $12.83 from a previous close of $13.01.
• Analysts have recently upgraded OMV's rating, with Zacks Research raising it to a "strong-buy," resulting in a consensus rating of "Buy" among equities research analysts.
• In its last earnings report, OMV reported an earnings per share of $1.34, significantly exceeding analysts' expectations, while its revenue was lower than forecasts at $6.64 billion.

Shares of OMV AG (OTCMKTS:OMVKY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 30,872 shares traded hands during mid-day trading, an increase of 155% from the previous session's volume of 12,088 shares.The stock last traded at $12.83 and had previously closed at $13.01.

Analyst Ratings Changes

Several equities research analysts have commented on OMVKY shares. Zacks Research raised shares of OMV from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 25th. Erste Group Bank raised shares of OMV to a "hold" rating in a research report on Monday, September 22nd. Finally, Royal Bank Of Canada started coverage on shares of OMV in a research report on Wednesday, September 24th. They set a "sector perform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

OMV Stock Down 0.5%

The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 4.19 and a beta of 0.24. The firm's 50 day moving average price is $13.53 and its two-hundred day moving average price is $13.21. The company has a current ratio of 1.64, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24.

OMV (OTCMKTS:OMVKY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $1.00. OMV had a net margin of 3.12% and a return on equity of 7.02%. The business had revenue of $6.64 billion for the quarter, compared to analyst estimates of $8.41 billion. Sell-side analysts anticipate that OMV AG will post 1.64 earnings per share for the current fiscal year.

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.

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