OMV (OTCMKTS:OMVKY) Sees Strong Trading Volume - What's Next?

Key Points

• Trading spike: Shares traded 40,186 shares on Friday, a 253% increase from the prior session, with the stock near $17.13.
• Analyst sentiment weak: The average rating is "Reduce" with 1 Strong Buy, 3 Hold and 3 Sell ratings, including downgrades from Goldman Sachs, RBC and HSBC.
• Mixed fundamentals: OMV reported an EPS beat of $1.97 vs. $0.38 expectation but missed revenue ($7.14B vs. $7.79B); the stock trades at a low P/E of 4.81 and a market cap of $22.37B.

Shares of OMV AG (OTCMKTS:OMVKY - Get Free Report) saw strong trading volume on Friday . 40,186 shares were traded during mid-day trading, an increase of 253% from the previous session's volume of 11,379 shares.The stock last traded at $17.13 and had previously closed at $17.15.

Analysts Set New Price Targets

OMVKY has been the topic of several analyst reports. Zacks Research upgraded shares of OMV from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 4th. Jefferies Financial Group cut shares of OMV from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 20th. HSBC cut shares of OMV from a "hold" rating to a "reduce" rating in a research note on Thursday, February 5th. The Goldman Sachs Group downgraded shares of OMV from a "hold" rating to a "sell" rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada downgraded shares of OMV from a "sector perform" rating to an "underperform" rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, OMV currently has an average rating of "Reduce".

OMV Price Performance

The stock has a market cap of $22.37 billion, a price-to-earnings ratio of 4.81 and a beta of -0.09. The stock's 50 day moving average price is $17.13 and its two-hundred day moving average price is $15.10. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25.

OMV (OTCMKTS:OMVKY - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $0.38 by $1.59. The company had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.79 billion. OMV had a net margin of 4.10% and a return on equity of 8.51%. Equities research analysts forecast that OMV AG will post 2.24 EPS for the current fiscal year.

About OMV

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV's business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.

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