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

Key Points

• OMV AG's share price has surpassed its 200-day moving average of $12.72, trading as high as $14.08 before settling at $13.95.
• The company reported a strong EPS of $1.34 for the last quarter, significantly beating the analysts' expectations of $0.34, although its revenue fell short of estimates.
• OMV has recently cut its dividend, with a payout of $0.3423 representing a yield of 256.0%, which raises concerns about its future financial stability.

OMV AG (OTCMKTS:OMVKY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.72 and traded as high as $14.08. OMV shares last traded at $13.95, with a volume of 2,397 shares traded.

OMV Trading Up 0.4%

The business's fifty day simple moving average is $13.57 and its 200 day simple moving average is $12.76. 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 stock has a market cap of $18.08 billion, a P/E ratio of 4.47, a price-to-earnings-growth ratio of 1.63 and a beta of 0.28.

OMV (OTCMKTS:OMVKY - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.34 earnings per share (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 company had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $8.41 billion. As a group, analysts expect that OMV AG will post 1.64 EPS for the current year.

OMV Cuts Dividend

The firm 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. The ex-dividend date was Thursday, June 5th. This represents a yield of 256.0%. OMV's dividend payout ratio is presently 18.77%.

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.