OMV (OTCMKTS:OMVKY) Shares Gap Down - Should You Sell?

OMV AG (OTCMKTS:OMVKY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $13.79, but opened at $13.27. OMV shares last traded at $13.42, with a volume of 995 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Cfra Research raised shares of OMV to a "moderate sell" rating in a report on Wednesday, April 9th. Berenberg Bank upgraded shares of OMV from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 18th.

OMV Stock Down 2.4%

The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26. The stock's 50-day moving average is $13.19 and its 200-day moving average is $11.84. The company has a market cap of $17.63 billion, a price-to-earnings ratio of 5.25, a P/E/G ratio of 1.34 and a beta of 0.27.

OMV (OTCMKTS:OMVKY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.91. OMV had a net margin of 3.27% and a return on equity of 7.32%. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $9.29 billion. On average, analysts anticipate that OMV AG will post 1.64 earnings per share for the current fiscal year.

OMV Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 17th. Investors 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 2.56%. OMV's payout ratio is currently 22.66%.

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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