OMV (OTCMKTS:OMVKY) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• OMV's stock price recently crossed above its 200-day moving average, currently standing at $12.26, with a recent trading high of $13.33.
• Cfra Research has rated OMV's shares as a "moderate sell" following the stock's performance and financial metrics.
• The company reported a substantial EPS of $1.33 for the last quarter, exceeding analysts' estimates, but its revenue fell short of expectations at $6.75 billion.

OMV AG (OTCMKTS:OMVKY - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.26 and traded as high as $13.33. OMV shares last traded at $13.17, with a volume of 3,867 shares trading hands.

Wall Street Analyst Weigh In

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

OMV Stock Up 1.2%

The stock has a 50 day moving average price of $13.34 and a 200 day moving average price of $12.31. The stock has a market capitalization of $16.89 billion, a price-to-earnings ratio of 4.17, a price-to-earnings-growth ratio of 1.30 and a beta of 0.28. The company has a quick ratio of 1.35, a current ratio of 1.64 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. The firm had revenue of $6.64 billion for the quarter, compared to analyst estimates of $8.41 billion. OMV had a return on equity of 7.02% and a net margin of 3.12%. As a group, analysts forecast that OMV AG will post 1.64 EPS for the current year.

OMV Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 17th. Investors of record on Friday, June 6th were paid a $0.3423 dividend. This represents a dividend yield of 256.0%. The ex-dividend date of this dividend was Thursday, June 5th. OMV's payout ratio is currently 18.77%.

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.