OMV (OTCMKTS:OMVKY) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• OMV AG's share price has recently surpassed its 200-day moving average of $12.37, reaching a high of $13.40 during trading.
• The company's quarterly earnings report revealed an EPS of $1.34, significantly beating consensus estimates of $0.34, although revenue fell short at $6.64 billion against an expected $8.41 billion.
• OMV recently announced a dividend of $0.3423 per share, with a yield of 256.0%, although the company has a low dividend payout ratio of 18.77%.

OMV AG (OTCMKTS:OMVKY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.37 and traded as high as $13.40. OMV shares last traded at $13.17, with a volume of 12,138 shares trading hands.

OMV Stock Performance

The business has a 50 day moving average of $13.30 and a 200 day moving average of $12.37. The company has a market capitalization of $17.24 billion, a P/E ratio of 4.26, a price-to-earnings-growth ratio of 1.56 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. OMV had a return on equity of 7.02% and a net margin of 3.12%. The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $8.41 billion. On average, sell-side analysts predict that OMV AG will post 1.64 earnings per share for the current year.

OMV Cuts Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, June 5th. This represents a yield of 256.0%. OMV's dividend payout ratio is 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.

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